GST Officer New Way of Inspection

GST Officer New Way of Inspection Alert A GST officer will conduct an inspection while acting as a consumer. GST Inspection Know as GST Language called TEST PURCHASE How to select a taxpayer for inspection …

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Categories GST

Changes in GST Tax Rates

GOODS 1 – Namkeens and Extruded/Expanded Savoury food products 2 – Cancer Drugs The GST rate on cancer drugs namely, Trastuzumab Deruxtecan, Osimertinib and Durvalumab to be reduced from 12% to 5%. 3 – Metal …

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Categories GST

IMS: Invoice Management System FAQ

Invoice Management System To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal. This will also facilitate …

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Categories GST

Breaking down GST slab contributions

This data highlights the disparity in contributions across GST rates, as other mechanisms like cess on luxury goods and Integrated GST (IGST) also play a crucial role in boosting the overall tax collections.Breaking down GST …

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Categories GST

6-Simple Steps to Apply GST Number

Getting a GST number can seem intimidating, especially if you’re doing it for the first time. But the good news is that the process is straightforward and can be done completely online. Whether you’re starting …

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Categories GST