Set off in GST Set off in GST refers to the process of adjusting the tax liability of a registered person by utilizing the input tax credit (ITC) available to them. Input tax credit is the credit that a registered person can claim for the GST paid on their purchases, which can set off… Read More »
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 »
User Intent Users searching for GST rates on commissions are likely business owners, freelancers, financial professionals, or accountants. They aim to understand how the Goods and Services Tax (GST) applies to commissions, its impact, benefits, and limitations. This guide provides an in-depth analysis of GST rates on commissions in India. Introduction The Goods and… Read More »
