In the world of business, whether you’re a freelancer, small business owner, or large corporation, invoicing is a crucial ...
The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay. It ...
The decision had led to confusion in certain sections on whether GST would be levied even in instances where the margin on sale of the used vehicle is negative, and whether individual-to-individual ...
Thus with the start of the new financial year 2019-20 (w.e.f. 01/04/2019), a new invoice series, unique for the financial year, is to be started by the GST taxpayers. A similar provision is there in ...
The Government of India (GoI) has made QR (Quick Response) Code mandatory for GST Invoices as per Notification No. 72/2019. According to the notification, the assessees who should provide QR Code are ...
The Simple Sales Invoice Template is a minimalist version that is best for businesses selling products. Whether you run a small online store, a retail shop, or a wholesale operation, this template ...
The Delhi High Court recently granted relief to a logistics company aggrieved by the decision of Assistant Commissioner, GST, rejecting its reply to a show cause notice by way of a 'template' order.
The introduction of the Invoice Management System (IMS) by the GST Network has brought a shift in how businesses manage Input Tax Credit (ITC) claims and compliance. This new system allows taxpayers ...
The IMS system is a facility on the GST portal,effective from 1 October 2024. Under this system the supply-recipient is required to either accept or reject an invoice and credit note and has the ...
The 55th GST Council meeting is scheduled to take place on December 21 in Jaisalmar, Rajasthan. (Image/Reuters) The 55th GST Council meeting, scheduled to take place on December 21 in Jaisalmar ...
Ever since Canada announced the GST/HST tax break holiday in November, there's been some discussion among Canadian restaurants, caterers, and customers about which products are eligible under the ...