UNPACKED AND UNLABELLED SALTED POPCORN The GST Council’s recent clarification on popcorn taxation has ignited a wave of online memes, with users analysing the complexities of tax rates for various types of popcorn. During its 55th meeting on Saturday, the GST Council clarified the tax structure for popcorn and announced that there would be no […]
Category: Online GST return filing
Composition scheme under GST
Composition scheme is meant to make the life of small businesses easier. It’s an option wherein a taxpayer can opt to pay a fixed percentage of turnover as fees in lieu of tax and get relief from complying with other provision of law. Below are the important points: Precondition Those having a turnover up to […]
Who needs to register under GST in India?
Who needs to register under GST in India? Are you Liable to register under GST? It is mandatory if: Your turnover in a financial year exceeds Rs.20 Lakh( 10 Lakh for NE state) You are dealing with the interstate supply of goods. Interstate supply of services are exempt from service tax registration if turnover is […]
How much should you be charged on food Bills/All your concerns about food bills after GST
Someone mentioned on twitter how she is planning to cut off her outdoor eating habits as she feels the surge in bills post GST. When we asked her how much was she charged post-GST, She had no clue about the rates. Well, that’s bad we thought. Being aware of basic rates is very important. It […]