Business
Tax invoice under gst
A tax invoice under the Goods and Services Tax (GST) is a legal document issued by a registered supplier to the recipient of goods or services. It serves as proof of a transaction and contains details such as the value of goods or services, applicable GST, and other essential information. For businesses with GST registration in Tirupur, issuing a tax invoice is a fundamental compliance requirement under GST law.
By samsonshopabout a year ago in Chapters
What is an assessment in GST?
Under the Goods and Services Tax (GST) regime, assessment refers to determining the tax liability of a taxpayer. The GST law provides various types of assessments to ensure taxpayers comply with their obligations. The primary goal of GST assessments is to maintain transparency and accuracy in tax payments, prevent evasion, and resolve disputes. For businesses that have completed GST registration in Karur, understanding GST assessment is crucial for staying compliant with tax regulations.
By samsonshopabout a year ago in Chapters
ECONOMY OF THE DECREASE
The global economy can experience periods of decline or slowdown for various reasons. Factors contributing to a decrease in economic activity might include;Geopolitical Tensions: Conflicts, wars, or strained relations between major economies can disrupt trade, investment, and global supply chains.Economic Policy Changes: Shifts in monetary or fiscal policy, such as high-interest rates or reduced government spending, can lead to slower economic growth.Natural Disasters or Pandemics: Events like the COVID-19 pandemic or large-scale natural disasters can disrupt economic activities, reduce consumer spending, and harm industries like travel and tourism.
By Faisal Rahmanabout a year ago in Chapters
What is gst return filing
GST Return Filing is a process wherein a registered taxpayer under the Goods and Services Tax (GST) regime files details of their income, purchases, sales, and tax liability to the tax authorities. It ensures transparency, compliance, and proper tax calculation, making it a critical component of the GST system. Filing GST returns is mandatory for businesses, service providers, and individuals registered under GST laws in India.
By samsonshopabout a year ago in Chapters











