Author: Mehul Jagwani
India’s indirect taxation system has evolved from Zakat and Value Added Tax (VAT) to Goods and Services Tax (GST). In this transition many changes are implemented for the benefit of small and medium businesses and to encourage ‘Ease of Doing Business’ in India. One of the prominent positive changes is Input Tax Credit under GST.… Continue reading Explained: Input tax Credit under GST (ITC)
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Did you know that more than ₹212,381.72 worth of GST refunds were filed in India in the financial year 2024-25, up to 31st January 2025? Most of these businesses know how to offset Input Tax Credit (ITC). However, only a few are familiar with the provision of refunds (with some conditions attached). In this blog,… Continue reading GST Refund: How to Claim Refund in GST
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Did you know that 1.259 billion e-way bills were generated between April 2024 and December 2024? Looking at this number, you can imagine how important it is for businesses to stay compliant with GST regulations. Since e-commerce involves interstate commerce more frequently than any other business, you must know everything about it. This blog will… Continue reading E-Commerce Business: Everything You Need to Know About E-Way Bills
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The Goods and Service Tax (GST) is an indirect tax system in India implemented in July 2017. Since its inception, a number of regulations have been introduced to streamline the GST compliance process. A business involved in either manufacturing or trading goods has to transport the consignment to its customers. To facilitate the movement of… Continue reading Form ENR-03: How to Generate GST E-Way Bills for Unregistered Business
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If you are starting a new business and expecting turnover to exceed ₹40 lakhs (Rs. 20 Lakhs or more for a special category of states), then you must register and get yourself a Goods and Services Tax Identification Number (GSTIN). This identification number is unique for all businesses and helps in filing GST returns. If… Continue reading What’s a GSTIN Number? How to Apply Like a Pro!
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2024 was a transformative year for the indirect tax system in India, i.e. GST. We witnessed unprecedented reforms in the GST, such as the Amnesty Scheme, the re-introduction of the form GSTR-1A, the implementation of the Invoice Management System (IMS), and the facility to declare negative tax liability. These were the major updates in GST… Continue reading GST Updates 2025: Everything You Need to Know About New Changes in GST