This post is a part of basics of gst by the buzz stand. It helps explain calculating gst payment and is helpful in gst filing
GST

Basics of GST: Calculating GST Payment due

In this basics of GST series article, discussion would be moving around calculating GST payment due from the portal. As we discussed in our previous article as well that the GST tax platform uses 3 ledgers which are Electronic Liability Register, Electronic Credit Ledger and Electronic Cash Ledger for management ….

HSN code for gst is a part of gst series
GST

Basics of GST: HSN Code for GST tax explained

This article is another post by The Buzz Stand team in basics of GST series. This post would help you know the new HSN code for GST registration process. Harmonized System Nomenclature or HSN is a code number which is internationally adopted for commodity description and coding. HSN is developed ….

GST

Who is Taxable under GST?

Taxable person under GST is anyone who has registered for GST tax or needs to be registered for GST. There are different criteria’s such as business activity, turnover, or transactions which has been specified under the GST Act. Each of these details are compulsory for the person who is registered ….

The article shows the period for gst records retention and why keeping tax records is important
GST

Records to be Maintained under GST

  GST Laws in India state that all those who have registered under GST will have to maintain all the records and accounts in a specified manner. GST records retention has to be for a period of 6 months.  Here is a list of all the records which one has ….

Advantages of GST for startups and Disadvantages of GST for startups. Also, explains benefit of GST for entrepreneurs
GST

GST Advantages and Disadvantages

The GST is a comprehensive indirect tax which is going to be levied on manufacture, sale and consumption of goods and services.   The Central Government has brought this act. It will replace all the indirect taxes which are levied from all the points, manufacturing to consumption.  GST is considered ….