Latest Articles By Nitin Bansal

GST on Digital Marketing Services: Tax Rates & Input Credit Explained With businesses rapidly shifting to online platforms, digital marketing services have become essential for brand visibility and growth. Whether it’s social media advertising, SEO, influencer marketing, or email campaigns, these services fall under the GST regime in India. In this blog, we’ll explain the

What is GSTR-10? Understanding Final Return Under GST GSTR-10 is a Final Return that needs to be filed by a taxpayer whose GST registration has been cancelled or surrendered. The primary purpose of this form is to provide the government with a consolidated record of input stocks and capital goods held by the taxpayer at

What is GSTR-8? Meaning, Filing Process, and Requirements GSTR-8 is a return form that must be filed by every e-commerce operator who collects TCS under GST. The form contains details of outward supplies made through the operator’s platform and the amount of TCS collected. The information submitted in GSTR-8 is critical for suppliers to claim

GST for FMCG Products: Tax Overview for Fast-Moving Consumer Goods FMCG—Fast-Moving Consumer Goods—include essential items like toothpaste, soap, snacks, soft drinks, packaged foods, and detergents. These products are bought frequently and in large quantities across households in India. But what does GST mean for the FMCG industry? In this blog, we simplify the GST for

GST Rate for IT Services in India: Software Development, Support & More The Information Technology (IT) sector is the backbone of modern India, covering everything from software development to cloud hosting and tech support. But how does GST (Goods and Services Tax) apply to these services? In this blog, we’ll explain the GST rate for

GST on Meat in India: Fresh, Frozen, and Processed Meat is a staple in many Indian households—be it chicken, mutton, or seafood. But is meat taxable under GST? The answer depends on how the meat is processed and packaged. In this blog, we’ll explore the gst on meat in India, breaking it down into fresh,

Outdoor Catering Services GST Rate in India From weddings and corporate events to birthday parties and festivals, outdoor catering plays a major role in Indian celebrations. But do these services attract GST? If so, how much? This blog simplifies the outdoor catering services GST rate, when it applies, and how it differs from indoor dining

Diaper GST Rate: Baby and Adult Care Products Diapers are no longer just baby products—they’re also crucial for senior care and medical needs. Whether you’re a parent, caregiver, or seller, knowing how much GST you pay on diapers is important for budgeting and compliance. In this guide, we’ll break down the diaper gst rate, explore

GST for Computer Parts: Components and Accessories Whether you’re building a custom PC, replacing a laptop battery, or upgrading your office setup, you’ll come across multiple computer components. But how are these items taxed under GST? Let’s break down the gst for computer parts, including accessories, and explain what buyers, sellers, and service providers need

Agarbatti GST Rate: Tax on Incense Sticks and Fragrance Products Agarbatti, or incense sticks, hold a special place in Indian homes, temples, and ceremonies. They’re not just religious items but also used for meditation, aromatherapy, and gifting. But how are these fragrant products taxed under GST (Goods and Services Tax)? Let’s explore the agarbatti gst

GST on Cab Services: Aggregators vs Local Operators With the rise of app-based platforms and local travel agencies, cab services have become more accessible than ever. But whether you’re booking a ride through Uber or hiring a cab for an outstation trip, GST is likely part of your bill. This guide explains the gst on

GST on Sand in India: Natural Resources and Taxation Sand is a critical raw material used in construction, plastering, and infrastructure development. With the implementation of the Goods and Services Tax (GST), sand suppliers, construction businesses, and buyers must understand how gst on sand is applied across different categories and uses. BOOK A FREE DEMO

GST on Pens in India: Product Type and Tax Slab Pens are essential tools used by students, professionals, and artists alike. Whether you’re buying a simple ballpoint pen or a luxury fountain pen, understanding how gst on pen works can help you make more informed purchases and ensure compliance in business. BOOK A FREE DEMO

GST on Watches: Applicable Tax Rates and Categories Explained Watches are more than just timekeepers—they’re a fashion statement, a productivity tool, and sometimes even a health tracker. Whether you’re buying a luxury watch, a Titan model, or a smartwatch, understanding GST on watches helps you know exactly what you’re paying for. BOOK A FREE DEMO

What is Blocked Credit in GST? A Guide to Section 17(5) Under the Goods and Services Tax (GST) system, businesses are generally allowed to claim input tax credit under GST on purchases made for business use. However, not all inputs qualify. The Central Goods and Services Tax (CGST) Act outlines situations where certain credits are

What is GSTR-6? The Goods and Services Tax (GST) framework in India requires every Input Service Distributor (ISD) to file their monthly GSTR-6 form as part of the mandatory process. Input Service Distributors function as central units with primary headquarters of businesses that obtain input services to distribute Input Tax Credit (ITC) to their associated

GST on Cement in India: Tax Rate and Its Impact on Construction Costs Cement is a key ingredient in construction—whether you’re building a home, a commercial complex, or infrastructure. With the implementation of the Goods and Services Tax (GST), the tax structure for cement has been streamlined, but it remains one of the highest-taxed items.

Impact of the GST Composition Scheme on Startups and MSMEs The Goods and Services Tax (GST) Composition Scheme is a special tax payment option designed to ease the burden on small businesses in India. Its purpose is to reduce complexity and lower compliance costs. Let’s learn more about it in depth. BOOK A FREE DEMO

How to File GSTR-1 from BUSY BOOK A FREE DEMO Here is a GSTR 1 Filing Process Step By Step: Step 1: Check the GSTR-1 screen report in BUSY and verify the data. Step 2: Generate JSON file. You can generate a JSON file in the following ways: Generate JSON directly from BUSY Generate CSV/Excel

Valuation of Supply Rule Under GST In Case of Pure Agent Under the GST system in India, the valuation of supply is an essential aspect that assesses the amount of tax payable by businesses. The concept of a pure agent is an important consideration in the valuation of supply under GST, especially for those engaged

Understanding Time, Place, And Value Of Supply Understanding Time, Place, and Value of Supply is essential for businesses registered under the Goods and Services Tax (GST) regime in India. These concepts determine the time when a transaction is considered to have taken place, the place where it is deemed to have occurred, and the value

When Can Authorities Search Goods In Transit? The goods in transit should be attended to with relevant documents, without which they will be detained and confiscated. BOOK A FREE DEMO Inspection of Goods in Transit An e-way bill must accompany any transportation of goods over Rs 50,000. The proper officer has the power to intercept

Due Diligence Under GST Before entering into any type of agreement, contract or transaction, you must exercise extreme caution. Doing your due diligence means that you should thoroughly investigate and evaluate any potential business opportunity. Investors typically practise due diligence before investing in any business. BOOK A FREE DEMO The process of due diligence that

Complete Guide To GST Composite Scheme BOOK A FREE DEMO With the introduction of the GST act in 2017, all businesses must comply with all the provisions of these acts. BUSY Accounting Software helps you create invoices that work on an intuitive dashboard that allows you to create GST-compliant invoices conveniently. What is a Regular

Errors while Filing GST Returns and How to Avoid them BOOK A FREE DEMO GST is a significant tax system introduced in India to simplify the indirect tax system. However, filing GST returns can be daunting for taxpayers, requiring them to comply with various rules and regulations. Any mistake made while filing GST returns can

What is the Difference Between GST and VAT? Tax collection is the primary source of revenue for most governments. It enables them to spend on the development of the economy and thus improve the living conditions of the taxpayers. In 2017 the administration implemented the Goods and Services Tax to replace all indirect taxes that