In this article, we will talk about FSSAI Initiatives to ensure Food Safety in Online Food Delivery Services. Making sure that the food we eat is safe is really important, especially when we order food online in India. The Food Safety and Standards Authority of India (FSSAI) is responsible for making sure that the food … Read more
In case of failure to deduct TDS as mandated by the statutory provisions of the Income Tax Act, an individual may incur interest and penalty charges. This article covers the relevant Defaults and Penalties in TDS Payments & TDS Return filing. Understanding the consequences of TDS defaults is crucial for you, as it helps in … Read more
If you are a business dealing with hair oil in India, it is important to understand the GST rate applicable to your product. The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. The GST rate for hair oil in India depends on its … Read more
When you apply for company registration in USA with the IRS, the default will be a C Corporation registered. However, many businesses later decide to transform into S Corporation due its tax and other various benefits. Having a C Corporation can be tough on small businesses because they might have to pay taxes twice due … Read more
The Goods and Services Tax Network (GSTN) has mandated that businesses with a turnover of over Rs 100 crore must upload e-invoices on the Invoice Registration Portal (IRP) within seven days of issuance. The move is aimed at improving tax compliance and reducing tax evasion. Let’s understand the latest updates regarding the strict deadline issued … Read more
There have been various disputes regarding levy, valuation, classification, creditability, refunds etc since the introduction of GST. Furthermore, every GST matter can not be assigned to High Courts since they may not have specialised branches. Similarly, there has been long pendency in judicious disposal of cases. Finally, the taxpayers also faced delayed justice and other … Read more
Indian officials have announced that the government will extend the expanded duty remission scheme for exporters beyond the September deadline. This move will provide relief to the pharmaceuticals, steel, and chemicals sectors, which have been facing various challenges recently. Let’s know about the latest updates on the export duty refund scheme further extended. Government Extends … Read more
In today’s digital age, laptops have become an indispensable tool for individuals across various fields such as business, employment, and education. As technology continues to reign supreme, it’s crucial for us to consider the potential impact of GST on laptops and computers. Let’s get the detailed info on GST Rate for Computers and Laptops through … Read more
If you’re a business owner or a tax professional, it’s important to stay up-to-date with the latest regulations and advisories related to the Goods and Services Tax (GST) in India. Recently, the GSTN released an advisory related to the reporting of HSN codes in e-invoices on the IRPs portal. In this post, we’ll understand all … Read more
As the barcode turns 50, it’s hard to imagine a world without those familiar vertical lines adorning every item in the supermarket. The barcode registration revolutionized retail, enabling speedy and efficient checkout processes and facilitating the globalisation of commerce. Today, the trademark beep of a product being scanned is heard six billion times a day … Read more