GST Software Features
Stakeholder Consultation on Proposed Changes to GST Laws: In order to attract a large volume of stakeholders and the general public. The department of revenue had opted for public and stakeholder to make their valuable comments/feedback on the draft proposals for...
E-way Bill Generation is not required for Textile Job Working / Service Units:- The government of Tamil Nadu has given exemption to the job working and service units. Which related to Yarn, Fabrics, and Garments to generate the e-way bill. There are lots of units...
Change of email and mobile number of the authorised signatory by taxpayers with assistance from the jurisdictional tax officer:- Authorised Signatory:- Complaints are being received from taxpayers that the intermediaries who were authorised by them to apply for...
What is Goods and Services Tax ?
GST is a destination based tax on consumption of goods and services. It is proposed to be charged at every stage right from manufacturer up to final consumption with credit of taxes paid at previous stages available as set off. To sum up, just the value addition will be subject to tax and the major burden will be borne by the end consumer.
What is CGST ?
CGST is a part of Goods and Service Tax (GST). CGST means Central Goods and Service Tax, CGST is a tax levied on Intra State supplies of both goods and services by the Central Government and will be governed by the CGST Act. one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. CGST falls under Central Goods and Service Tax Act.
What is HSN Code?
HSN stands for Harmonized System of Nomenclature which was developed by the World Customs Organization (WCO) with the vision of classifying goods all over the World in a systematic manner.
What is SGST ?
SGST is a part of Goods and Service Tax (GST).SGST means State Goods and Service Tax, Under GST, SGST is a tax levied on Intra State supplies of both goods and services by the State Government and will be governed by the SGST Act.
What is IGST ?
An integrated GST (IGST) would be levied and collected under the scheme, by the Centre on inter-state supply of goods and services, as mentioned under the Article 269Aof the Indian Constitution.