Retail Software
Distribution Software
Retail Chain
When Should a Taxpayer File an Appeal Under Section 107 of CGST Act?
Any person liable to pay Goods and Services Tax (GST) must fully understand the provisions of section 107 of the CGST Act. For many businesses, receiving a GST officer’s order…
GST Compliance
What Does Rule 43 of CGST SGST Rules Say About ITC on Capital Goods?
Suppose you’ve purchased machinery/equipment that cost you thousands of dollars for your business. Of course, you want to claim Input Tax Credit (ITC) for these capital goods, thereby reducing your…
What Role Does Section 74 of CGST Act Play in GST Enforcement?
Before GST, multiple tax systems often led to confusion, and there was a lack of transparency as well. But after GST implementation, certain sections under GST compiled the tax system…
How Long Can an Audit Last Under Section 65 of CGST Act?
Before GST (Goods and Services Tax), many indirect tax systems imposed higher tax burdens and added costs on businesses. But after the introduction of GST and its successful implementation, transparency,…
Understanding Section 129 of CGST Act: Rules, Penalties, and Release Procedures
Goods transportation under GST requires strict documentation and compliance. It cannot accept any mismatch or missing paperwork. This can result in financial and operational losses. This is where Section 129…
How Does Section 7 of CGST Act Determine Taxable Supply?
GST is levied on the concept of “supply.” That makes it essential for businesses to understand what transactions attract tax. Section 7 of the CGST Act plays a crucial role.…
Section 125 of the CGST Act: Penalty Rules Every GST Taxpayer Should Know
Most individuals think GST compliance in India is limited to the timely filing of returns. But it also involves adherence to various procedural requirements. Non-compliance, even if unintentional, may lead…