The Goods and Services Tax (GST), which was implemented in India from July 2017, has brought a host of changes in the taxation system of India. It has replaced a number of indirect taxes that were charged earlier on goods and services by the central and state governments. The main aim of introducing GST was […]
Category: Accounting
Reverse Charge under GST explained with practical examples
Under the reverse charge mechanism, it becomes the responsibility of the buyer to pay GST to the government instead of the seller. When such situations arise, you will need to mention Reverse Charge as ‘Yes’ while creating a GST invoice. What is Reverse Charge? Usually, it’s the responsibility of the seller to collect GST from […]
Place of Supply in GST: Explained in easy words with examples
While creating a GST invoice, it is important to identify the correct place of supply. Reason being, GST is a destination-based tax, which means, the type of tax is decided depending on the state of supply (also known as ‘Place of supply’). Importance of Place of Supply If place of supply is different than the […]
Download GST registration certificate online: Step-by-step process
After registering for GST, it is an important step to download the GST registration certificate. This doesn’t only act as proof that you are a GST-compliant entity but also acts as address proof for your business. In this article, we have mentioned the step-by-step process of downloading GST certificate online. What is GST certificate? Every […]
GST Guide for beginners – GST explained in simple words
Goods and Service Tax (GST) came into effect from 1st July 2017 in India and replaced all pre-existing indirect taxes in the country like VAT, customs, excise, state excise, etc. This GST India guide is meant to help businesses of all kinds to follow and be compliant to GST rules. To make navigation in to […]
GST invoice format in Word, Excel, and PDF – Free Download with guide
Invoices are often referred to as the most crucial instrument in the running of a successful business. They contain details such as the quantity of a given good or service, its price, and terms of supply, tax if applicable, etc. to be paid by a consumer. For the services and products sold in India, the […]