Blog categorized as GST

Objectives & Mechanism


One of the primary objectives of GST is to eliminate the cascading effect of multiple taxes by allowing businesses to set off prior taxes related to the same transactions through the Input Tax Credit (ITC) mechanism. GST ensures that tax is applied only to the net value ad...

19.03.2025 09:54:43 AM - Comment(s)
The Goods and Services Tax Network (GSTN) has recently issued an advisory on June 29, 2023, regarding online compliance pertaining to liability or difference appearing in returns. This advisory introduces a new functionality on the GST portal, allowing taxpayers to explain differences between their ...
30.06.2023 10:00:00 AM - Comment(s)
Effective from 15/07/2023, the National Informatics Centre (NIC) has made 2-factor authentication mandatory for all taxpayers with an Aggregate Annual Turnover (AATO) above 100cr. This measure aims to enhance the security of the e-Way Bill and e-Invoice System. In addition to the conventional userna...
13.06.2023 04:50:27 PM - Comment(s)
To help businesses to generate e-invoices, NIC has released an application known as ‘GePP-On’. To generate e-invoices using GePP-on application, you need to enter the invoice details in the form designed in the application.

Following are the features of GePP-On:
Browser-desktop based application that ...
07.06.2023 04:28:00 PM - Comment(s)