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
Updating email ID or mobile number on ICEGATE is no more a simple process. You will have to update your GST registration first and then do ICEGATE GSTIN Integration. Once you have completed these steps, you can now update your ICEGATE profile. This ICEGATE GST Update is to help you maintain correct GST and Customs … Read more
Every GST mistake in the business has a cost that you have to bear. It can also be a hefty penalty and waste of time. Understanding GST Compliance Errors helps businesses prevent avoidable financial losses and keep operations running without unnecessary interruptions. Let’s understand the GST Compliance errors that every business must avoid and save … Read more
Gujarat International Financial Tec-City, known as GIFT City in India, is known as one of the best destinations for businesses seeking to make a mark globally. GIFT City was established as an international financial center as well as a technology center where a business can take advantage of world-class infrastructure, tax benefits, regulations, and access … Read more
Receiving international payments is more convenient for crypto traders, forex traders, and prop firm traders with the emergence of international payment platforms. One of these is Rise Work, help the freelancers, remote workers, and independent contractors get international payments from their employers/vendors. Withdrawal of payments from the Rise work platform can happen through various methods, … Read more
Many companies sell multiple products or services in a transaction. But not all bundled sales are treated alike under GST. The tax will depend on whether the transaction is a composite supply or a mixed supply. Every business must know composite supply vs mixed supply. Misclassification may result in the payment of incorrect amounts of … Read more
Today, an Indian trader can earn in dollars without importing a single product into India. This business model operates through Merchant Trade Transaction India, where an Indian company buys goods from one foreign country and sells them to another foreign country while the goods never enter India. For many traders, this creates opportunities that are … Read more
GST compliance is not just about filing returns. It’s about getting them filed on time too. Businesses miss GST deadlines and lose thousands of dollars every year. A slight delay can lead to late fees, interest charges and unnecessary stress. The good news is you can Avoid GST Late Fees and completely avoid these costs … Read more
Businesses and residential communities are putting an emphasis on safety and India’s private security industry is on the rise. PSARA License / Private Security Agency License Legal Requirement A security agency that has a valid PSARA License can operate legally and build trust in the market. This guide is about Eligibility Criteria, Documents, Application Process … Read more
Manufacturers and importers from India know that working capital and customs regulation compliance must be closely managed at the same time. The EMI Scheme for Manufacturers Importer is a groundbreaking offer that addresses one of the biggest issues in international trade: customs duties. Businesses are now entitled to the EMI Scheme, which allows customs duty … Read more