GST rules provide a strong compliance base, undergoing periodic revisions for simplicity and fairness. Non-compliance or any other reason may lead to cancellation or suspension of a taxpayer’s GST registration. To address this, let’s explore the causes and potential solutions to suspension of GST Registration through this article. What are the potential reasons for suspension … Read more
GST is a key part of business taxes in India. It streamlined taxation by applying a single tax to goods and services. Yes, Sole Proprietors can definitely have 2 GST Numbers but in only certain scenarios which are discussed below. Furthermore, For sole proprietors, it’s vital to grasp GST implications and the possibility of having … Read more
A Joint Development Agreement (JDA) is a prearrangement between a landowner and a developer or builder. In this agreement, the landowner contributes their land, while the developer takes on the responsibilities of obtaining approvals, constructing, launching, and advertising the project with the financial resources at their disposal. JDA is subject to GST and complying with … Read more
Goods and Services Tax (GST) is a comprehensive indirect tax in India. It is levied on the manufacture, sale, and consumption of goods and services in India. GST rates vary depending on the specific goods and services. Thus, it is important to know about GST on Leather and Leather Products so that you can run … Read more
On October 7, 2023, the 52nd GST Council Meeting happened, where they discussed important things and made decisions to help taxpayers. Here’s a quick summary of what they did to make taxes easier, revision in GST Rates, clear up confusing laws, and provide a chance for people to resolve old tax issues. Changes in GST … Read more
Digital entertainment industry is thriving in India. However, you must also know that the entertainment industry is also not free of taxes. Discover how GST affects your favorite entertainment apps in India in this straightforward article. Online supplies of digital content, like music, movies, and TV shows, are called OIDAR services. OIDAR stands for Online … Read more
Online gaming companies like Dream 11, Games 24×7, and Head Digital Works are in trouble because they have to pay more than Rs 55,000 crore in taxes. Now, they are running to courts as they fear bankruptcy and other challenges. Let’s learn about the latest updates in the Gaming Industry. DGGI Sends Notices to Online … Read more
The online gaming industry, which typically thrives during major sports events, is currently facing a lack of enthusiasm. Even in anticipation of the ICC Men’s Cricket World Cup, the online gaming industry is facing challenges, due to the significant burden of a 28% tax imposition. Let’s understand the issues in detail. Impact of Increased GST … Read more
The Goods and Services Tax Network (GSTN) has released guidance regarding the Geocoding Functionality for Additional Places of Business. Let’s learn about the latest news of the GSTN geocoding advisory for additional places of business. GSTN Extends Geocoding Functionality to Additional Place of Business Address GSTN is delighted to announce that the geocoding feature for … Read more
The GST Authority’s advisory, issued on Monday, establishes a 30-day reporting deadline for invoices on e-invoice portals. Let’s learn this crucial update for you in detail. New GST e-invoice reporting rule for businesses with AATO 100 Crore + The GST e-invoice system has made a new rule, starting from November 1, 2023. It says that … Read more