When you pick up a product from the shelf, have you ever wondered how the price tag was determined? Sure, you see the “Maximum Retail Price” (MRP) boldly printed on the label, but do you really understand what it means for your wallet? And with the introduction of Goods and Services Tax (GST), is
What is HSN? The Harmonized System of Nomenclature or HSN has been developed by the WCO or World Customs Organization for giving a code to the various goods around the globe in a proper manner for a taxation system for finding different types of products. HSN has more than five thousand different products, and
The full form of GST is Goods and Services Tax. It is an indirect tax reform implemented in India to replace multiple taxes like VAT, service tax, etc., with a single tax structure. What does GST mean? The GST corporation aims to simplify the tax system, reduce tax evasion, and create a common market
The Electronic Way Bill enrolment or registration is quite a very easy process on the official portal of the Indian Government (ewaybillgst.gov.in or ewaybill.nic.in). For generating the GST Electronic Way Bill, the businesses need to get registered and also need to prepare/get a GST E-way bill every single time goods are transported which are
Lately, the Government of India has introduced a drastic change in its E-way bill generation mechanism on its E-way bill portal. It blocks the facility for those taxpayers who failed to file their tax returns for the last two months. Thus, if you fail to file your tax returns for two or more months
Electronic-Way Bill or E-Way Bill is a unique bill number and a document introduced under Goods and Tax Service (GST) and is generated for specific shipments/ movements of goods worth exceeding Rs. 50,000, both within states and interstates. A rule implied just three years ago forbids any GST registered person to transport/ ship goods
