Introduction With the implementation of the Goods and Services Tax (GST), many consumers have been confused about whether they must still pay service charges at restaurants, hotels, and other service-oriented businesses. This article provides a step-by-step understanding of the service charge, its applicability after GST, its benefits, limitations, and frequently asked questions. Definition… Read More »
GST compliance for LLP GST compliance for LLP: Limited Liability Partnership(LLPs) in India involves certain key obligations. Here are the key points to consider for GST compliance as an LLP: GST Registration for llp engaged in the supply of goods or services with an aggregate turnover exceeding the threshold limit (currently INR 40 lakhs for… Read More »
GST for Freelancers GST (Goods and Services Tax) number is not mandatory for all freelancers. Whether GST freelancers need to obtain a GST number or not depends on their specific circumstances and the nature of their work. To Visit https://www.gst.gov.in/ In general, if a freelancer’s annual turnover exceeds the threshold set by the government, which… Read More »
GST compliance for SEZ units: Special Economic Zone units in India have specific GST compliance requirements. Here are some key aspects of regarding this topic: GST Registration: Special Economic Zone GST procedures are required to obtain a separate GST registration as “SEZ unit” under GST. This registration is different from regular GST registration. Supply of… Read More »
GST Implications for Real Estate GST implications for real estate, In India, the real estate sector’s GST compliance entails distinct regulations and obligations. Here are some key aspects of GST implications for real estate for real estate: GST Registration: Real estate developers and builders are require to obtain GST registration if their annual turnover exceeds… Read More »
GST Compliance Checklist GST compliance checklist, Maintaining compliance with the Goods and Services Tax (GST) regulations is crucial for businesses. While the specific requirements may vary depending on the country. Here is a general GST compliance checklist GST Registration: Ensure that your business is registered for GST as per the prescribed threshold limits and… Read More »
GST compliance report A GST compliance report is a document that provides an overview of a taxpayer’s compliance with the Goods and Services Tax (GST) regulations and requirements. It helps assess the level of compliance and identifies any potential issues or areas for improvement. The content and format of a GST compliance report may vary… Read More »
Tax compliance Tax compliance refers to the act of adhering to the rules, regulations, and requirements set forth by tax authorities in order to fulfill one’s tax obligations. It involves accurately reporting and disclosing relevant financial information, calculating and paying the appropriate amount of taxes, and submitting the required documentation within specified deadlines. For more… Read More »
GST non-exempt categories Goods and Services Tax (GST) is a value-added tax applied on the supply of goods and services in many countries. While some goods and services are exempt from GST, most fall under non-exempt categories that are subject to GST. Understanding these non-exempt categories is crucial for businesses to remain compliant and for… Read More »
Non-GST compliant Non-GST compliant, The term “Non-GST” pertains to transactions or entities that fall outside the scope of the Goods and Services Tax (GST) within a specific jurisdiction. It typically refers to goods, services, or entities that are exempt or outside the scope of GST. In many countries, GST is a value-added tax impose on… Read More »