Clarification about Transition Credit

There are lot of speculations in the media about the credit of Rs. 65,000 crore claimed by taxpayers in respect of Central Excise and Service Tax in the pre-GST period. Some people are under the impression that because of Rs. 65,000 crore claimed as transition credit, the income of Government this … [Read more...]

Registration Under GST FAQs

Q 1.      What   is   advantage   of   taking registration  in GST? Ans. Registration under Goods and Service  Tax  (GST) regime will confer following advantages to the business: Legally recognized as supplier of goods or Proper accounting of taxes paid on the input goods or services which … [Read more...]