A Foreign Company connects with India through various commercial transactions such as having a project office/ Branch Office/ Liaison Office in India, Making Foreign Direct Investment in Ind… Read More

Impact of GST Registration on SMEs The Goods and Services Tax (GST) stands as a watershed moment in the annals of India’s taxation system. A comprehensive reform that replaced the… Read More

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GST Rule 86B introduces restrictions on the utilization of the electronic credit ledger balance for tax liability payments. Taxpayers with a turnover exceeding INR 50 lakhs (excluding zero-r… Read More

What is Presumptive Taxation? Presumptive taxation is a simplified method of calculating taxes for small businesses or individuals. Instead of detailed accounting, it assumes a predetermined… Read More

Why is the GST Return Important for Small Businesses? There are several reasons why small businesses need to submit their Goods and Services Tax (GST) returns. First, the government has… Read More

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MSME Registration for Service Industry: What You Need to Know Hey there, ambitious entrepreneurs and budding business enthusiasts! If you’re planning to conquer the dynamic world of th… Read More

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The GST Council meeting was held for the 49th Time on 18th February 2023 under the chairmanship of the Hon’ble Union Finance & Corporate Affairs Minister. Key points of discussion… Read More

1. Appeals and Revision:- In terms of Section 112 of the CGST Act, 2017, The GoM report on the establishment of the GST Appellate Tribunal has been accepted and a final draft of the tribunal… Read More

Is GST Registration Mandatory for a Company? In this blog post, we will explore whether a corporation must register for the goods and services tax (GST) for the benefit of interested readers… Read More

Limited Liability Partnership is a new concept as compared to Companies and still, it is one of the most used forms of business. With the emerging use of Limited Liability Partnership (LLP)… Read More

Electronic invoicing (e-invoicing) is a newly introduced system under GST wherein all B2B invoices are authenticated electronically by Goods and Service Tax Network (“GSTN”). E-i… Read More

Company is an entity independent of its shareholders and board of directors. The company runs out of funds invested by shareholders. However, there is always a possibility that the company&r… Read More

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The number of taxpayers onboarding the e-Invoicing under GST has seen an upsurge from 1st April 2021. Many new businesses have started e-Invoice generation on the IRP portal directly or thro… Read More

Every business entity having a turnover exceeding INR 20,00,000 (20 lakhs) in a financial year is required to be registered under the GST Act. Turnover means the aggregate annual sales of th… Read More

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GST is an indirect tax that was formed to abolish several other indirect taxes in India, to create a single taxation regime for ease of collection and to increase the efficiency of the proce… Read More

With increasing dissatisfaction in the Corporate World, more and more people are choosing to start a small-scale online business on their own. In several countries including the United… Read More

. Startup-Definition Startup means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding INR 25 crore in any preceding financial year, w… Read More