Tourism is a significant contributor to the Indian economy, providing socioeconomic benefits and positively impacting industries like food manufacturing, services, and construction. It creates jobs, generates income and foreign exchange. The tourism and hospitality industry includes accommodations, catering, transportation, attractions, and travel agencies/tour operators. Learn more about the GST on tour and travel agencies below. … Read more
GSTN has taken a step forward in the digitalization of business processes. It has now launched e-invoice registration services. It has been done as per the recommendation of the GST Council. E-Invoice Registration is launched in collaboration with various private IRPs. Four Private Companies Empaneled by GSTN for E-Invoice Registration Services GSTN has selected four … Read more
The government is planning to address the long-pending issue of providing refunds on goods and services tax (GST) paid by foreign tourists who shop in India. Let’s understand the news in detail. GST Refunds for Foreign Tourists Planned in India Next Year” According to sources, the government will soon begin working on the procedure and … Read more
India’s hospitality industry is a key driver of growth in the country’s service sector, and is often a top revenue producer. It’s expected to continue growing, thanks to the country’s large tourism potential. Over the past 15 years, hotel brands have organized and established the industry as a service-based rather than reality-based sector, making them … Read more
The union health ministry announced that starting from 1 August, the Food Safety and Standards Authority of India (FSSAI) will be enforcing specific identity standards for basmati rice. These regulatory standards will be comprehensive in nature. This blog aims to guide you about regulatory standards for basmati rice in depth. Comprehensive Regulatory Standards for Basmati … Read more
GST is a value-added tax on the supply of goods and services in India, introduced on July 1, 2017, to simplify the indirect taxation system. Businesses supplying goods or services with a turnover above a certain threshold must register for GST. However, there are other criterias as well. This article will cover all the eligibility … Read more
![GST on Television [TV] in India](https://e-startupindia.com/learn/wp-content/uploads/2023/03/GST-on-Television-TV-in-India.png)
This article will guide you about important information regarding GST on Television in India. The introduction of GST has had a significant impact on the television industry, affecting both Indian manufacturers and customers. Thus, it’s important to know about GST on Television [TV] in India. Understanding the Taxability of GST on Television Sales Under GST … Read more
This blog aims to guide you about the New Tax Calculator which was recently launched on the income tax portal. As a taxpayer, it is important for you to calculate your taxes in the right way. A wrong calculation can lead to pain of Income Tax Return Filing once again. It may also lead to … Read more
On April 1, 2023, the revised New Labour Codes will become effective. This will impact the financial obligations of businesses and the net income of workers to a significant extent. Let’s understand the impact and latest updates of New Labour Codes. EPFO oversees EPF program with proposed contribution rate hike The Employees’ Provident Fund Organization … Read more
MSMEs not only generate employment, but they also support big industrial houses and other entities. Thus, it’s rightly said that the MSMEs are the backbone of industrial development in the country. In emerging economies like India, the MSME sector can account for up to 40% of the GDP. So, the importance of MSMEs in economic … Read more