GSTN mandates separate HSN reporting for B2B and B2C in GSTR-1 Table 12. Learn how to file, avoid errors, and ensure compliance.

The Goods and Services Tax (GST) system in India was introduced to streamline indirect taxation by unifying multiple taxes into a single framework. However, one of the structural issues that has emerged under GST is the Inverted Duty Structure (IDS). This occurs when the tax rate on inputs (raw materials or services used in production) is higher than the tax rate on the output (final product or...

The Goods and Services Tax (GST) system in India was introduced to streamline indirect taxation by unifying multiple taxes into a single framework. However, one of the structural issues that has emerged under GST is the Inverted Duty Structure (IDS). This occurs when the tax rate on inputs (raw materials or services used in production) is higher than the tax rate on the output (final product or...

Learn everything about ITC reversal under GST, including ITC reversal applicable rules, ITC reversal calculation methods, and compliance requirements.

Get a comprehensive overview of the RCM in GST including its definition, time of supply, and the process for claiming input tax credit.

Under GST, exports of services are considered zero-rated supplies. This means that no GST is levied on the value of exports of services from India to a recipient located outside India. This is a significant benefit for exporters, as it eliminates the tax burden on their exports and improves their competitiveness in the global market.

A Guide to GST Registration: Understand the GST Registration Eligibility Criteria, GST Registration Fees, and Compliance Requirements for GST Registration.

A Guide to GST Registration: Understand the GST Registration Eligibility Criteria, GST Registration Fees, and Compliance Requirements for GST Registration.