The GoM will meet on September 25, 2024. They will be meeting to discuss key changes to the GST Structure. The meeting focuses on rationalizing GST rates by adjusting the current tax slabs, a move aimed at simplifying compliance and improving revenue collection. Proposed Changes to GST Slabs The GoM, led by Bihar Deputy Chief … Read more
In a significant move to strengthen India’s startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has launched a new digital platform called BHASKAR. The BHASKAR is designed to boost collaboration, streamline processes along with enhancing the growth for startups in India. The main focus is on simplifying the Startup India Certification … Read more
A 15-digit Unique Identification Number (UIN) code is your key to navigating the Indian tax system. This alphanumeric registration number replaces the GSTIN for a select group of entities that qualify for GST exemptions. If you meet the eligibility criteria, obtaining a UIN registration number is beneficial for your business especially if you’re an entrepreneur … Read more
There are many competitors in the markets today. Amongst them, over one million or more ISO-certified companies have committed to quality in their operations. It shows how passionate they are about their customers and business. ISO audits assist organizations in adhering to international principles. They promote operational efficiency and improvement for the benefit of the … Read more
The PlayStation 5 Pro or PS5 Pro is announced and promises superior performances, better graphics, and a more immersive gaming experience. But, the question still remains, What is the GST on PS5 Pro? Let’s understand the concept of GST on PS5 Pro. What is the GST Rate on PS5 Pro? In India, electronic goods, including … Read more
The B2C e-invoicing implementation will be revolutionising how businesses issue invoices to customers. At present, B2B e-invoicing is mandatory, however, the GST Council is also planning to implement B2C e-invoicing on a voluntary basis. What is B2C E-Invoicing? B2C e-invoicing is the process of creating electronic invoices for purchases made by customers. In line with … Read more
Dubai’s reputation as a worldwide tourism and trade hub exists beyond luxurious items and iconic landmarks. In the past few years, the city has become a hotbed for B2B businesses, attracting international companies. Safe to say, the B2B market in Dubai is developing exponentially. Did you apprehend that the e-trade marketplace duration in the Middle … Read more
Apple’s new AirPods 4 are now available in the market with new features. In India, if you buy Apple’s AirPods 4, you have to pay GST at a rate of 18% raising its overall price. But, you can also save GST on Apple AirPods 4 in India. Let’s learn how through this article. Understanding GST … Read more
Starting an LLC Company in the USA can be excellent for non-residents. This can be a deliberate move for non-residents aiming to tap into the robust USA market. Selecting the right state for LLC registration is extremely crucial. Which state is the best? That depends on several factors, including tax regulations, privacy protections, and the … Read more
The GST is applicable to life and health insurance in India also. Currently, policyholders are facing financial pressure due to GST and the government is considering reducing it. This article dives deep into the topic of GST on Life and Health Insurance along with recent updates in this sector. GST on Life Insurance For Life … Read more