Basics of GST Basics of GST, Goods and Services Tax, is a comprehensive indirect tax that was introduce in India on July 1, 2017, with the aim of simplifying the tax structure and eliminating multiple layers of taxation. Here are some key things one should know about GST: 1.GST is a destination-based tax: GST… Read More »
Credit Note without GST Charges Credit note without GST charges, Yes, a supplier can issue a credits note without GST charge under certain circumstances. A credit note is typically issue to adjust or rectify an incorrect invoice or to provide a refund to the buyer. If the original invoice did not include Good and… Read More »
Individual retail sale tax-exempt India Individual retail sale tax-exempt India, Confirm if the goods or services being sold qualify for tax exemption. Certain items like essential medicines, agricultural products, and educational services are exempt from taxes. Obtain a valid tax exemption certificate: If the buyer qualifies for tax exemption, they should provide a valid… Read More »
