Marketing or Sales promotions is the promotion of a company’s products or services in order to raise demand for them. Every business utilizes their own methods to increase sales, the most prevalent of which is the “buy one, get one free” sale. In addition, a sales promotional offer might come with a free trial or … Read more
The Government of India has given the opportunity to the taxpayers for selecting either of two income tax regimes. The new tax regime was launched in the Union Budget 2020. Both of these regimes have pros and cons. Thus, Taxpayers must choose wisely between these two as both of these regimes involve complex concepts necessary … Read more
If a taxpayer’s GST registration is canceled, the taxpayer is no longer required to pay or collect GST, becomes ineligible to claim the input tax credit and do GST Return Filing. Section 29 of the CGST Act, together with Rules 20–22 of the CGST Rules, govern the cancellation of a GST registration. This article discusses … Read more
The development of the Indian economy depends heavily on the agriculture industry. India is one of the world’s top producers and exporters of agricultural goods such as rice, wheat, sugarcane, and spices. In rural India, one of the main industries for employment is the agriculture industry. Therefore, taxation of the agriculture sector plays a major … Read more
The act of purchasing and selling through the Internet is referred to as e-commerce (also known as digital commerce). This concept covers transactions where online activity is not the only component. A website may be useful in educating a customer about a good or deal that they may purchase offline. There is no disputing the … Read more
The activities under Ease of Doing Business and Reducing Compliance Burden, which are intended to create a favorable business environment, are being led by the Department for Promotion of Industry and Internal Trade (DPIIT). These various initiatives are taken to boost the MSME Sector which are India’s major contributor to GDP growth and also provider … Read more
Any business entity that enrolls under GST has a unique identifier allocated to it: the GST number. It is a 15-digit number that is exclusive to each taxpayer who has registered for GST. One Person Company can also get GST Registration voluntarily if it wishes to obtain the benefits of GST. Moreover, it is mandatory … Read more
For registration under the Goods and Services Tax (GST) in India, there is a cap on the amount of exemption. If a person’s yearly turnover exceeds the exemption ceiling, he must register for the Goods and Services Tax regime. This is additionally referred to as a GST registration limit or GST threshold. Let us understand … Read more
An important update for businesses registered under GST. The government has recently announced the updates amending the E-Invoice rules. This initiative will be an important update under the GST regime and it will cover more businesses under E-Invoicing. Let us understand the latest update of GST E-Invoice mandate on business cross ₹10 crore turnover. What … Read more
If your GST Registration was canceled, you can appeal against cancellation of GST Registration in India. For that, you need to follow a specific procedure and attach the correct documents to make your case solid. Therefore, it’s best to consult a CA or a GST Expert to understand the complete procedure in detail specific to … Read more