Notification No. 01/2021-Compensation Cess (Rate) issued by CBIC on September 30th, 2021 mandates a 12% Compensation Cess on Carbonated Beverages containing Fruit Drink or Fruit Juice under the GST regime. So, if you wish to start a Carbonated Cold Drink business or any other beverages business, you must get GST Registration and know about the … Read more
The 50th GST Council meeting was held on 11th July 2023 in New Delhi. The meeting was chaired by Finance Minister Nirmala Sitharaman and was attended by ministers from all states and union territories. The meeting discussed a wide range of topics, including the taxation of online gaming, casinos, and horse racing; the classification of … Read more
GST registration is mandatory for businesses meeting certain criteria and it offers benefits such as input tax credit and increased credibility. In the baby product industry, GST registration is crucial for ensuring compliance and facilitating business growth. If your business falls under mandatory GST Registration requirement criteria, you can get GST Registration Online. However, you … Read more
The Central Board of Direct Taxes (CBDT) has just given more time for people to submit certain statements related to TDS/TCS (Tax Deducted at Source/Tax Collected at Source). They made this decision in Circular 9/2023 dated June 28, 2023, to help taxpayers and make it easier to follow the rules. TDS/TCS Statement Filing Deadline Extended … Read more
ISO Certification offers numerous advantages to the automotive industry, promoting growth, quality, and customer satisfaction. Let’s understand in depth about ISO Certification of Automotive Quality. What is ISO Certification? ISO certification is a recognition given to companies and organizations that meet specific international standards in areas like quality management, environmental practices, information security, and more. … Read more
The Indian Government announced concessional GST rates for select handicraft items last year. This aims to support small and medium-sized businesses in the handicraft sector and stimulate its growth. The sector is a key contributor to India’s economy, generating employment in rural and semi-urban areas. The reduced tax burden through concessional GST rates will enhance … Read more
No matter how big or small a food producer is or what they make, it is their duty to ensure that their products are safe and that consumers are protected. This is where ISO 22000 Certification comes into play. Let’s learn about ISO Registration in Food Safety Management through this article. Importance of ISO 22000 … Read more
Khadi, an emblem of self-sufficiency and a vital element of India’s cultural heritage holds a cherished spot in the hearts of Indians. Renowned for their beauty and positive impact on the environment and society, Khadi products often raise questions about GST. This post explores the exemption status of GST on Khadi, the GST HSN code … Read more
Prior to the implementation of the Goods and Services Tax (GST) regime, there existed a multitude of taxes such as excise duty, services tax, customs duty, surcharges, and State-level Value Added Tax (VAT), among others, that were imposed on the provision of goods and services. However, the current indirect taxation system in India is GST. … Read more
There are two primary categories of accounting and bookkeeping services: online and offline. These two types differ in various aspects, including user-friendliness, data privacy measures, and cost. Online services are typically more user-friendly, and cost-effective, and employ advanced technology. However, they do not provide in-person meetings or physical security. On the other hand, offline services … Read more