The fertilizer and pesticide traders are the backbone of India’s agri-hydro value chain. The traders, though, have a sequence of conformity challenges due to the introduction of Goods and Services Tax (GST). The 5% GST rate difference for fertilizers and 18% for pesticides and GST registration issue, return filing, ITC reversals, and interest taxation is … Read more
All entities that are liable to collect Tax Collected at Source(TCS) must file Form 27EQ as a quarterly return. Sellers collect TCS from buyers while selling certain goods or services. Government and non-government collectors can use Form 27EQ, which Section 206C of the Income Tax Act governs. Companies generally use the 27EQ filing to report … Read more
Understanding GST on multimodal transport is essential. Furthermore, Correct GST registration and timely gst return filing are essential for compliance and availing Input Tax Credit under the GST on Multimodal Transport framework. GST Rate on Multimodal Transport The GST on multimodal transport is charged at 12% (6% CGST + 6% SGST) for intra-state and 12% … Read more
If you want to setup company in UK with privacy protection, you are at the right place. The UK is amongst the best places to set up business in the UK with privacy. Let’s understand all about the process to set up a company in the UK with Full Privacy in 2025. Why Privacy Matters … Read more
Sale of Indian products like granite, paper, plywood, and books to foreign countries is the reason behind a huge economic growth of the nation. For ease and encouragement of these exports, the Government of India has introduced export promotion councils like CAPEXIL (Chemical and Allied Products Export Promotion Council). Exporters registered with CAPEXIL have to … Read more
As the government keeps tightening its grip on plastic waste management, EPR compliance Filing is becoming an annual requirement for those selling packaging plastic. Plastics waste producers, importers, brand owners (PIBOs), and processors must obtain not only EPR Registration but also timely and proper filing of their EPR compliances with the Central Pollution Control Board … Read more
The Income Tax Department carried out a massive drive against fake claims and fictitious ITR refunds in India, busting a huge scam that manipulated returns to earn illicit proceeds from government exchequers. The aggressive action is a reflection of the department’s commitment to keeping the tax machine clean and preventing exploitation of taxpayers in collusion … Read more
Indian agri-horticultural exports have grown manyfold with the passage of time, and the scheduled commodities exporters are required to meet obligatory reporting obligations so that they can keep their licenses and avail themselves of benefits. APEDA return filing is one such mandatory compliance process. If you are a registered exporter with Agricultural and Processed Food … Read more
India is a leading exporter of spices in the world, and the industry is regulated and supported by the spice board of India. All registered exporters with them are obligated to submit the spice board return filing requirement. Maintaining your returns filed on time not only keeps you in tact in others eyes but also … Read more
The key activity in the process of export customs clearance after an Indian exporter has settled products for export overseas is shipping bill filing. It is a statutory document which provides authorization to export freight overseas. Among all other pieces of information which are supposed to be disclosed on the shipping bill, the authorised dealer … Read more