by rootal

Key Takeaways Are you ready to streamline your GST invoicing and Input Tax Credit (ITC) claims? The Goods and Services Tax Network (GSTN) is rolling out a game-changing feature on the GST portal—the Invoice Management System (IMS). Starting October 1st, this innovative tool aims to enhance transparency, reduce direct tax compliance burdens, and empower taxpayers […]

• 20 Sep 24
• 13 mins

by rootal

Key Takeaways The impact of GST on the footwear industry has been significant, influencing pricing, supply chain dynamics, and overall business operations. The footwear industry, comprising various types like leather sports shoes, handmade footwear, and waterproof footwear, now operates under a more structured tax regime with clear tax slabs and rates.  What is the SAC […]

• 20 Sep 24
• 11 mins

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by rootal

Key Takeaways The implementation of GST in India has significantly affected the tobacco industry, altering the tax landscape for various tobacco products, including cigarettes, pan, gutkha, and other forms of smokeless tobacco. GST Rate for Tobacco Tobacco products are subject to one of the highest GST rates in India, reflecting the government’s efforts to curb […]

• 20 Sep 24
• 9 mins

0

by rootal

Key Takeaways Businesses often need to change their trade name for various purposes. However, updating the same in the unified official GST portal is essential for GST-registered taxpayers or businesses to continue seamless operations. However, some might need assistance with the process of changing names on the GST portal and in the GST certificate. Here […]

• 20 Sep 24
• 7 mins