Understanding the time limits for issuing invoices, bill of supply, debit notes, credit notes, etc., under GST is crucial for businesses. Let’s break down these time limits in plain language to ensure compliance with GST regulations. Time Limit for Invoices Regular Invoices: Invoices for goods/services must be issued on or before the time of supply […]
Ever wondered about revising invoices under GST? It’s a straightforward process, and in this guide, we’ll explain it in simple terms. Learn why revised invoices are necessary and how you can revise GST invoices without hassle. What is a Revised Invoice under GST? A revised invoice under GST is an updated version of an original […]
Invoicing is a critical aspect of business transactions, especially under the GST regime. Understanding the essential details required in a GST invoice is crucial for businesses to maintain compliance and ensure smooth operations. Let’s explore the key information you need to include in your GST invoices in simple terms. 1. GSTIN of the Supplier and […]
The GST Composition Scheme is designed to simplify tax compliance for small businesses. Let’s delve into the rules, turnover limits, tax rates, and benefits of this scheme to understand how it can benefit your business. What is GST Composition Scheme? GST Composition Scheme is a special scheme for small businesses to pay tax at a […]
Have you heard about the Bill of Supply but aren’t sure what it is? Don’t worry; we’ll explain it in simple terms. The Bill of Supply is a crucial document in business transactions, and understanding its purpose is essential for business owners. What is a Bill of Supply? A Bill of Supply is a document […]
Introduction to the GST Composition Scheme Ever heard of the GST Composition Scheme? It’s a beneficial scheme designed to ease tax compliance for small businesses. In this guide, we’ll explain everything you need to know about the Composition Scheme under GST in easy-to-understand terms. What is the GST Composition Scheme? The GST Composition Scheme is […]
Curious about the cancellation of registration under GST? It’s a straightforward process, but it’s crucial to understand why businesses might cancel their GST registration and what it means for them. In this guide, we’ll break down everything you need to know about cancellation of registration under GST in simple terms. What is Cancellation of Registration […]
Have you heard about GST Compliance Rating? It’s an essential aspect of GST (Goods and Services Tax) that every business needs to understand. But don’t worry if it sounds complicated. In this guide, we’ll break down GST Compliance Rating into simple terms, so you can grasp its significance and ensure your business stays compliant with […]
In the realm of taxation, the Goods and Services Tax (GST) has brought significant changes to how goods and services are supplied and taxed in India. One crucial aspect that businesses need to understand is the concept of continuous supply of goods and services under GST. In this guide, we’ll break down this concept in […]
