With the new GST tax coming into picture we would be seeing creation of new jobs in the form of GST practitioner. In this post of Basics of GST series, we would be discussing about the roe of GST practitioner and how to enroll for it. With new GST act ….
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 ….
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 ….
This article is a part of the basics of GST series by The Buzz Stand where we are trying to educate people about this new GST tax. The series covers articles from GST registration, GST filing, people who would come under this and various other topics which would help make the ….
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 ….
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 ….
The GST platform which has been created by the Government has 3 ledgers for managing GST payment, liability, input credit, interest, penalty pending, late fee or any other amount which are Electronic Liability Ledger, GST Electronic Credit Ledger and GST Electronic Cash Ledger. The 3 ledgers are used to balance the ….
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 ….