Skypropertiespatelnagar.com

 If you are a businessman , a trade firm in India, or an accountant, then you would have used some state or union territory GST codes at least once. They would have been helpful during the process of uploading GST returns or generating invoices. State GST Code 06 is one such handy code. Why so? Let’s know. All union territories and states of the Indian Goods and Services Tax (GST) regime were assigned a two-digit numerical code to be used in the identification of the place of taxpayer or the place of supply of service or goods and as one of the parameters to decide whether a supply would be inter-state or intra-state in nature. For instance, if the buyer and seller belong to the same state, then the transaction is intra-state and CGST + SGST will be applicable. If the buyer and seller belong to two different states, then it is an inter-state transaction, and IGST will be applicable. Click Here For Full Article 

  E-Way Bills Explained The E-Way Bill is a document required under the Goods and Services Tax regime in India to be carried by a person who is in charge of the movement of goods. Herein is explained in detail: An E-Way Bill is an electronic document that must be generated for the movement of goods exceeding a prescribed monetary value. It is meant to  facilitate  the movement of goods and ensure that taxes are paid right. When is an E-Way Bill Required? An E-Way Bill must be generated, where the movement of goods takes place in  relation  to the following: Inter-State Movement: In circumstances where there is movement from one state to another and the value of such goods exceeds ₹50,000. Intra-State Movement: If the value of the goods moves across within a state and if that value is more than ₹50,000. Many states have different values for intra-state movement. For Supply: If the goods are transported for the purpose of sale or supply, which includes goods sent ...