GST is a value-added tax on the supply of goods and services in India, introduced on July 1, 2017, to simplify the indirect taxation system. Businesses supplying goods or services with a turnover above a certain threshold must register for GST. However, there are other criterias as well. This article will cover all the eligibility … Read more
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This article will guide you about important information regarding GST on Television in India. The introduction of GST has had a significant impact on the television industry, affecting both Indian manufacturers and customers. Thus, it’s important to know about GST on Television [TV] in India. Understanding the Taxability of GST on Television Sales Under GST … Read more
GST (Goods and Services Tax) registration is a process by which businesses obtain a unique GST number from the government of India. The GST number is necessary for businesses to be able to legally collect and remit GST on their taxable supplies. To obtain a GST number, a business needs to apply for GST registration. … Read more
On February 18, 2023, the 49th GST Council convened in New Delhi under the leadership of Smt. Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs. In attendance were Union Minister of State for Finance Shri Pankaj Chaudhary, finance ministers from states and union territories with legislatures, as well as senior officials from the … Read more
Every business having GST Registration must display a GST Registration Certificate at their business places. There are also rules to display GSTIN. This may seem only a small requirement, but ignoring it can result in huge penalties and therefore, you must know all about the display of GST Registration Certificate and Penalties. GST Laws on … Read more
Finance Minister Nirmala Sitharaman stated at a Confederation of Indian Industry (CII) event that the matter of GST Rate on Cement will be investigated and, if necessary, referred to the GST fitment committee. Let’s read about the latest updates on the 28% GST Rate on Cement which may be revised soon through this article. Finance … Read more
Circular No. 189/01/2023-GST issued by the Central Board of Indirect Taxes and Customs (CBIC) on January 13, 2022 provides clarification regarding levy of GST on various goods. It is based on the recommendations of the 48th GST Council Meeting. The CBIC has also issued an announcement for the classification of Rab in this notification. The … Read more
This article will break down GST registration for small shopkeepers and explain what you need to know. You play a vital part in the Indian economy as a small shopkeeper. However, with the adoption of the Goods and Services Tax (GST), you may be concerned if you must register for GST and what this implies … Read more
This article will explain the annual turnover threshold limit for GST registration and for your business. As a business owner, you must be aware of the yearly turnover threshold limit for GST registration in order to comply with the law and avoid severe fines. What is GST? The Goods and Services Tax (GST) is a … Read more
Exchanges for virtual currencies have gained traction as a marketplace for buying, selling, and trading in India. But the Goods and Services Tax (GST) introduced by the Indian government has sowed doubt and uncertainty across the crypto sector. In this article, we will look at how the GST on crypt exchanges in India and what … Read more