The Indian government is now considering a new proposal regarding GST and UPI. It is considering imposing 18% GST on UPI Transactions below Rs. 2000. As you might already know, UPI Payments are free for consumers. Thus, making them a popular and easy choice for small transactions. However, now the government is reviewing the idea … Read more
There is a major development in India’s higher education sector now there will be an exemption of GST on research grants for educational institutions. Thus, eliminating the financial burden previously posed by GST. Key Benefits of GST Exemption on Research Grants in Educational Institutions Earlier, educational institutions had less funds available for GST because they … Read more
iPhone 16 is one of the most desired phones this year, and it’s just around the corner. If you are thinking of purchasing an iPhone 16. Well yes, iPhone 16 will be a little expensive by adding GST on the purchase price. As you start shopping to get your hands on the latest technology gadgets, … Read more
Starting from September 1, 2024, you will have to adhere to new rules and GST Updates regarding GST Return Filing. It’s essential for businesses to be aware of these changes to ensure compliance and avoid any penalties. Key GST Updates affecting GST Return filing Reporting of High-Value Supplies in GSTR-1 As per the latest notification … Read more
Goods and Services Tax is, without any doubt, one of the biggest “revolutions” that the conventional taxation system of India has been faced with, involving a single tax framework for manifold goods and services. The sectors which are being considerably affected by GST include textiles, especially readymade garments. In this article, we try to delve … Read more
While Goods and Services Tax was meant to give a new look to Indian taxation, huge complexity of the law remained unintelligible to small and medium traders. The Composition Scheme is brought in by the GST Council, which offers ease of compliance under GST to businesses covered under it. In the present piece of writing, … Read more
Now with the innovation of Dropshipping, an individual can easily open an online store and engage in trading without necessarily having an inventory holding. By the introduction of the new tax regime, the question was how the system would affect the business. Thus, on this account, the blog shall try and throw light upon the … Read more
Goods and Services Tax (GST) is a revolutionary reform in India’s indirect taxation system that has simply ushered in a chapter on how businesses are going to comply with taxes. One of the numerous advantages of GST is that it has made information on registered businesses easily accessible.This blog is being featured with the hope … Read more
Well, initialise, the Goods and Services Tax has unified most of the indirect taxes in India under one canopy. The rate of GST applied on different products and services is quite complex. The present article would discuss the GST rates on Fish Soluble Paste, forming the essential inputs to the aquaculture industry, and the effects … Read more
Implementation of Goods and Service Tax changed the way of doing business in India. Right from the very implementation point, it has impacted various industries, iron and steel industry not been excluded. It is this backdrop that this paper will attempt to look at the tax rate under GST for iron and steel, the effect … Read more