Starting a business in India means lots of paperwork. So, your GST registration should not get held up by unnecessary document requests. Moreover, it is important that you are able to understand the tax notices on your own. As a result, recent clarifications from the Central Board of Indirect Taxes and Customs (CBIC) address these … Read more
While dealing with export, exporters need to follow GST and foreign exchange norms to receive payment from foreign customers. In this regard, recent clarification by the Central Board of Indirect Taxes and Customs (CBIC) covers the area of payment for exports and for refund recoverability if export proceeds are not realized. It is essential for … Read more
New opportunities in e-commerce have opened up for small businesses, home-based entrepreneurs, artisans, local manufacturers, and many others. However, GST compliance and interstate sales can be challenging for small sellers who want to sell their products online. The recent GST reforms for e-commerce sellers aim to simplify registration and make it easier for eligible businesses … Read more
The qualifying exports of services receive zero-rated GST treatment in India. However, you must meet the applicable conditions and also maintain proper records. In this article, you will learn about taxation on selling services abroad. Do You Need to Pay GST on Services Sold Abroad? Whether you need to pay GST on services sold abroad … Read more
Planning to buy the latest iphone 18 in India? Let’s learn about GST on phones first. Interestingly, the GST is already included in the price you see on the invoice or Apple’s website. What Is the GST on iPhone 18? The important point is that the final retail price normally includes the 18% GST. For … Read more
Charitable foundations and non-governmental organizations (NGOs) serve an important social function by meeting the basic needs of society’s most vulnerable members. It might be difficult for such organizations to understand and comply with GST regulations. However, with the assistance of GST Experts and using this guide on GST Rules for Charitable and NGOs, you will … Read more
The Central Board of Indirect Taxes and Customs (CBIC) published Circular No. 189/01/2023-GST on January 13, 2022, which clarifies the imposition of GST on different items. It is centred on the suggestions of the GST Council’s 48th meeting. The CBIC has also issued an announcement for the Applicability of GST on by-products of milling of … Read more
GST authorities are taking strict action against Fake GST Registrations. The latest step is to authenticate the real identity of GST applicants. The Delhi High Court has directed the GST authorities to continue Biometric Aadhaar Authentication for GST Registration across India till further orders. The step aims to stop fraudsters from getting GST registrations based … Read more
In India, GST on PG Accommodation depends on more than the monthly rent charged. However, the exemption can depend on the value charged per person. It also depends on the duration of the stay. For PG operators, getting the classification wrong can affect gst compliance, gst registration, ITC and GST return filing. GST on PG … Read more
Recently, the GST rules for letting out commercial premises have now changed. Therefore, it is important that landlords and tenants stay aware of their tax obligations. Earlier, landlords generally paid GST on rental income. However, in certain cases, the Reverse Charge Mechanism (RCM) shifts the GST liability to the tenant. If you have a shop, … Read more