The implementation of GST has been hailed as a major tax reform that will unite the whole country in terms of taxation. While this has benefited a variety of industries, the adoption of the GST also had effects on charities and non-profit organizations. These entities are not completely free from the GST, although they do … Read more
In the present era, with the introduction of newer technology and sophisticated workplace solutions, having a real workplace has become significantly less important, if not altogether unnecessary. Virtual offices were created to respond to shifting trends. A most popular use instance for the Virtual Office is GST Registration in India, among other benefits. Thus, this … Read more
The Goods and Services Tax (GST) encompasses various indirect taxes levied by the Centre and States, such as excise, VAT, and service tax, and is considered as one of the country’s most significant tax reforms. It is imposed on the sale of both goods and services in the country. Thus, GST stands for Goods and … Read more
GST is one of the government’s primary initiatives to unify India’s taxation structure into a single national tax. Multiple taxes were eliminated or merged into a single taxing scheme by the GST. Once after getting GST Registration, businesses can download the GST Registration Certificate. In this article, we will understand the process to download GST … Read more
Major news for taxpayers and the common man in India. The news will directly impact your pocket. As per the latest updates, the CBIC notified a hike in GST Tax Rate on Fabrics, Apparel, and Footwear. The hiked rates are expected to directly impact the major business industries in the sector of Fabrics, Apparel, and … Read more
The Economic growth in India is on the path to recovery with the passing of COVID-19’s Second Wave. However, the lockdown enforced during COVID -19 has a significant negative impact on the MSME sector. Many industries are still reeling from the consequences of the shutdown. The MSME sector continues to struggle. Many GST registered merchants … Read more
GST Registration for Hindu Undivided Family is beneficial in multiple ways. Many companies under HUF Registration do eCommerce business. Therefore, they also mandatorily require GST Registration. Furthermore, Hindu Undivided Family companies can claim input tax credit after getting GST Registration. In this article, we will understand GST Registration for Hindu Undivided Family in detail. What … Read more
When it comes to indirect taxation, taxes are important to the government since they are an automated process that occurs when people purchase and sell products and services across the country. As a result, they are simple to collect and beneficial for both taxpayers and tax collectors. In India, we have an indirect tax system … Read more
There was a long time confusion whether to pay GST at the rate of 5% or 18% on sale of ice cream in specified ice cream parlors. Accordingly, CBIC has issued the clarification circular on GST on Ice cream sale in parlors. In this article, we will understand the latest updates regarding GST Taxation on … Read more
The Goods and Services Tax (GST) department will continue its campaign this week to raise awareness about GST laws among local businesspeople and check unregistered companies in the Dehradun region. In this article, we will read the latest news that the GST Department may target unregistered businesses for their awareness program. We will also understand … Read more