What is Goods and Service Tax (GST) / GST Explained in very simple language
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Understanding GST just got easier! 🧾 Check out the different types of GST slabs and make sense of your taxes. 💡 #GST #TaxTips #GSTSlabs #OnlineLegalIndia #SimplifiedTaxes #BusinessMadeEasy | Online Legal India
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📊 GST simplified Whether you're a business owner or just curious about taxes, understanding GST is ESSENTIAL. 🇮🇳 Inter-state vs Intra-state—know the difference and stay compliant! 💼 Tag someone who needs to see this! 👇 #GST #IndianTaxes #BusinessTips #FinanceLiteracy #TaxKnowledge #SmallBusiness #Entrepreneurship #FinancialEducation #GSTIndia #BusinessOwner #TaxCompliance #StartupIndia #AccountingTips #FinanceGenius #MoneyMatters | Finance Genius
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Understanding GST Refund under Rule 89(4) is crucial for every exporter and eCommerce entrepreneur in India. This rule explains how to calculate refund of unutilised Input Tax Credit (ITC) on zero-rated supplies like exports or supplies to SEZ made without payment of IGST under LUT or Bond. The formula for refund under Rule 89(4) is: Refund = (Turnover of zero-rated supply of goods Turnover of zero-rated supply of services) × Net ITC ÷ Adjusted Total Turnover. Here, Turnover of zero-rated goods
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Day 23 of 30 Days GST Challenge – Understanding GST Input Tax Credit (ITC) rules is crucial for every business, and Section 17 of the CGST Act plays a major role in deciding how much credit you can actually claim. This section deals with two important concepts: Apportionment of Credit and Blocked Credits. Apportionment means that when goods or services are used partly for business and partly for non-business purposes, or partly for taxable and partly for exempt supplies, ITC will be allowed only
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