Investopedia / Michela Buttignol A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor's grandchildren.

In the electronic commerce space, vouchers have become a widely used tool to enhance customer engagement, drive sales, and ...

For Hybrid Businesses (e.g., Sweet Shops with Restaurants): Separate invoicing and classification are necessary to ensure compliance. Restaurant sales should be billed under SAC 996331 at 5% GST, ...

GST compensation cess is a specific tax established within the framework of the Goods and Services Tax (GST) system in India. This tax is levied on select goods to assist states in recouping any ...

Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...