GST

Normally, a supplier collects Goods and Services Tax (GST) from the customer and deposits it with the government. However, in certain specified transactions, GST law shifts this responsibility from the supplier to the recipient. This system is known as the Reverse Charge Mechanism or RCM. In simple words, under RCM, the person receiving the goods […]

GST return filing is an important compliance requirement for every regular GST-registered business. Among the various GST returns, GSTR-1 and GSTR-3B are the two returns that most regular taxpayers need to deal with every month or quarter. In simple terms, GSTR-1 contains details of your outward supplies or sales. GSTR-3B, on the other hand, summarises […]

GST compliance in India requires businesses to follow prescribed return-filing and tax-payment deadlines. Therefore, every GST-registered taxpayer should maintain a proper compliance calendar throughout the year. If a taxpayer misses a GST deadline, the delay may result in late fees under Section 47 of the CGST Act, interest under Section 50, and other compliance restrictions […]

Many manufacturers do not complete every stage of production at their own premises. Instead, they send raw materials, semi-finished goods, or components to another person for activities such as cutting, polishing, printing, stitching, assembling, packing, machining, or finishing. GST law refers to this arrangement as job work. Businesses in industrial areas such as Greater Noida, […]

Selling online looks simple: list a product, receive an order, ship it, and collect payment. However, the GST side of e-commerce can quickly become confusing. Do you need GST registration before your first online sale? Why does Amazon or Flipkart deduct TCS? Who pays GST on orders received through Zomato or Swiggy? Should you report […]