GST liability on commission agents brokers A revolutionary change in Indian history is the good and service tax. One of the primary areas where many uncertainties and questions are raised regarding the Goods and Service Tax is whether GST is applied to commission and brokerage. Know all about it through this article. Basics about GST … Read more
The Goods and Services Tax (GST) is an all-encompassing multi-step destination-based tax that is assessed on any and all value added. The GST’s key benefits include transforming India into a single market by eliminating interstate obstacles, taxing inequalities, check post delays, and challenges with transit permits. The use of illicit money and corruption are also … Read more
The Goods and Services Tax (GST) is a value-added tax that is levied on the supply of goods and services in India. It is a comprehensive tax that subsumes various indirect taxes such as the Central Excise Duty, Service Tax, and Value Added Tax (VAT). GST is implemented through a dual GST model, which means … Read more
India is a very alluring market for foreign investors and businesspeople. You must register under GST if you are a non-resident and intend to open a business here. In this article, we’ll go through how non-residents register for GST and the necessary forms. Under GST, who qualifies as a “Non-Resident Taxable Person”? Any person who … Read more
On December 17, 2022, a Saturday, the 48th GST Council meeting was virtually held in New Delhi. The meeting was presided over by Smt. Nirmala Sitharaman, the Union Finance Minister, and included the Finance Ministers of the states and Union Territories. The 48th GST Council meeting had a packed agenda because it was held after … Read more
The provisions and processes under the GST Act cover a wide range of potential scenarios for a taxpayer. In this article, we examine the procedure for revoking a cancellation order for a GST registration as well as the relevant forms. The CGST Rules, 2017, Rule 23 contains the revocation provisions. When can Revocation of GST … Read more
Launched in 2017, GST is a broad-scope indirect tax that has revolutionised the taxation of goods and services. It has deeply impacted the economy of India. Air tickets have been also subject to the unified and indirect GST since its implementation in July 2017. GST is imposed on them at the point of sale. BThis … Read more
For the purposes of Goods and Services Tax, fresh produce is not subject to taxes, but frozen produce is. It may seem simple at first glance, but reading the whole article will help you grasp its nuances. This article will inform you all about GST on Fruits and Vegetables. In what ways do fruits and … Read more
The GST is a unified tax structure launched by the Government of India on 1 July 2017. It is the most historic tax reform in Indian Taxation History. The taxation system has come far from complex to open, closed, futuristic, and straightforward. This article explores all the important concepts of GST Registration for Service Providers. … Read more
Businesses may save money on long-term leases and administrative costs by using a Virtual Office, which provides a real address and office-related services. The presence of a real-world address is a major perk of virtual office space. You may use your address on all of your company letters and mail, which will comfort your clients … Read more