The GSTR-9 annual return is a crucial compliance requirement under the Goods and Services Tax (GST) system in India. It is a consolidated document summarizing a taxpayer’s annual GST transactions. Filing GSTR-9 ensures transparency and helps reconcile the details filed in various GST returns throughout the financial year. Whether you’ve completed GST registration in Coimbatore, GST registration in Chennai, or […]
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The Goods and Services Tax (GST) framework in India is built on three fundamental aspects: time, place, and value of supply. These concepts play a vital role in determining the applicability of GST, the state in which tax is to be paid, and the amount of tax to be levied. Businesses must grasp these principles to ensure compliance and avoid […]
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Under GST, determining whether a supply is inter-state or intra-state is essential, as it dictates the applicable tax—Central GST (CGST), State GST (SGST), or Integrated GST (IGST). Proper classification ensures compliance, accurate tax calculation, and timely payment.Inter-State Supply: An inter-state supply of goods or services arises when the supplier’s location and the place of supply are in: Different states Additionally, […]
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In the Goods and Services Tax (GST) framework, the primary principle is that the supplier of goods or services is responsible for the payment of GST. This rule requires the collection of taxes at the point of origin, which are then remitted to the government. However, there are specific scenarios where this responsibility shifts to the recipient of goods or […]
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