Introduction: A Nil GST return can be filed when there are no outward supplies during the respective month or quarter. This form primarily enables taxpayers to claim input tax credit on their returns. According to GST law, filing a return for the period, even with no transactions, is mandatory for every taxpayer. Under GST regulations, […]
Introduction: On July 1, 2017, India instituted the Goods and Services Tax (GST), a comprehensive indirect tax overhaul aimed at streamlining previous levies such as service tax, Value Added Tax (VAT), excise duty, among others. GST applies to the supply of both goods and services, with charges imposed at each transaction point. All businesses and […]
Arjuna (Fictional Character): Krishna, When and How E-Way bill is applicable? Krishna (Fictional Character): Arjuna, E-Way bill was made compulsory for interstate supplies from 01st April 2018, however for intra state supplies E-Way has been enabled in various states at respective dates. In Maharashtra E-Way bill was applicable from 25th May 2018, E-Way bill has to be […]