Whenever any immovable or some kinds of movable asset changes hands, the buyer has to pay a certain amount of tax to the state government, to get it stamped, which is known as stamp duty.
Read MoreE-invoice does not mean the generation of invoices from a central portal of the GST department. It is a standard format of the invoice. Under this system, an identification number will be issued against every invoice sent for registration to the Invoice Registration Portal (IRP).
Read MoreE-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding Rs 50,000 as mandated by the Government in terms of Rule 138, Section 68 of the Goods and Services Tax Act.
Read MoreInput tax credit (ITC) is the tax paid by the buyer on purchase of goods or services. Such tax which is paid at the time of purchase when reduced from liability payable on outward supplies is known as input tax credit.
Read MoreAn enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria...
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