Why Petroleum and Liquor Are Outside GST: A Detailed Analysis

Goods and Services Tax (GST) is a unified tax system that has replaced multiple indirect taxes in India. However, certain high-revenue generating commodities like petroleum products and liquor have been…

Reverse Charge Mechanism (RCM) under GST A Complete Guide

The Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) is a concept where the recipient of goods or services is liable to pay tax instead of the…

GST on Real Estate: What Homebuyers and Builders Should Know

The introduction of Goods and Services Tax (GST) has significantly impacted the real estate sector in India. Homebuyers and builders need to understand the applicable GST rates, exemptions, and compliance…

Understanding the GST Structure: CGST, SGST, IGST & UTGST

Goods and Services Tax (GST) is a unified tax system in India that replaced multiple indirect taxes. It is structured into four components: Central GST (CGST), State GST (SGST), Integrated…

GST Compliance Checklist: What Every Business Should Know

Goods and Services Tax (GST) is an essential component of India’s indirect tax system, impacting businesses of all sizes. Ensuring compliance with GST regulations is crucial to avoid penalties and…

GST on Education Services: A Comprehensive Overview

Education services form the backbone of societal development by equipping individuals with knowledge, skills, and values. In India, education has traditionally been treated as a noble sector, often insulated from…

GST Rates in India: A Comprehensive Guide

Introduction Goods and Services Tax (GST) is a unified tax structure introduced in India on July 1, 2017, replacing multiple indirect taxes like VAT, excise duty, and service tax. The…

How GST Affects Freelancers and Service Providers

Introduction Goods and Services Tax (GST) has significantly impacted freelancers and service providers in India by bringing them under a structured tax regime. While it streamlines taxation, it also introduces…

Common GST Mistakes Businesses Should Avoid

Introduction Goods and Services Tax (GST) has significantly transformed India’s indirect tax system, streamlining taxation for businesses. However, due to its complex structure and frequent updates, many businesses make errors…

How to Register for GST in India: Step-by-Step Guide

Introduction Goods and Services Tax (GST) registration is mandatory for businesses exceeding the prescribed turnover limit and for those involved in inter-state supply of goods and services. The registration process…