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
As you already know, the GST replaced the complex indirect tax system in India with a simpler one. But in multiple scenarios, you might also need to apply for GST cancellation. Here, the responsibilities of directors and shareholders are crucial for a smooth cancellation process. Let’s learn in detail the roles of Directors & Shareholders … Read more
Foreign Exchange conversion services enable individuals to convert one currency into either another foreign currency or a domestic currency. Let’s learn about GST on Foreign Exchange Conversion Services in India through this article. How to Calculate GST on Foreign Exchange Conversion in India When conducting foreign currency exchanges (whether buying or selling) in India, the … Read more
Indian E-commerce is revolutionizing business in India, projected to hit US$ 200 billion by 2026 with a 57% CAGR. By 2030, it could become an $800 billion market, propelled by widespread online service adoption in areas like e-commerce and EdTech. One of the major e-commerce platforms is Flipkart in India. Having your business on Flipkart … Read more
Becoming part of the Rapido Bike team is a great chance to be your own boss and have the freedom of choosing when you work. If you want to join Rapido as a captain and are wondering about the money you can make, this article will show you how to join, and what you might … Read more
The Authority of Advance Ruling (AAR) has declared that hostel accommodation will now attract a 12% GST. The AAR’s ruling is based on hostels not being classified as residential dwelling units, resulting in them no longer qualifying for GST exemption. As a result, students and other hostel residents will now be required to pay an … Read more
The CBIC has recently launched circular No. 201/13/2023-GST. This circular clarifies the important questions that businesses like you had regarding: Whether services supplied by the director of a company in his personal capacity such as renting of immovable property to the company or body corporate are subject to Reverse Charge mechanism. The GST Council discussed … Read more
The CBIC has released circular 197/09/2023-GST, which clarifies concerns relating to GST refunds. These changes are intended to bring much-needed clarity to taxpayers and make it easier for them to receive refunds. For ease of understanding and reference, a summary of clarifications is provided below. CBIC Provides Clarity on GST Refunds Question 1 Is the … Read more