How to Renew Your GST Registration in India Renewing your GST (Goods and Services Tax) registration is essential to ensure compliance and avoid penalties. Here’s a simple guide on how to do it. 1. Check Renewal Requirement GST registration typically does not expire, but if you have received a notice from the GST department or… Read More »
Verifying GST Registration of a Company Verifying GST registration of a company, Statutory audit and tax audit are two distinct types of audits conducted for different purposes. Statutory audit: A statutory audit is perform to ensure that a company’s financial statements provide an accurate and fair view of its financial position and performance. It is… Read More »
Types of GST In India, there are primarily four types of Goods and Services Tax (GST): State Goods and Services Tax (SGST): Levied by state governments on the supply of goods and services within the state. Central Goods and Services Tax (CGST): Levied by the central government on the supply of goods and services within… Read More »
Taxability Of Invoices In India In India, invoices are not taxed directly. Instead, taxes such as GST (Goods and Services Tax) or VAT (Value Added Tax) are levied on the value of goods or services mentioned in the invoice. The tax amount is calculated based on the applicable tax rate and added to the invoice… Read More »
GST rate for hotels GST rate for hotels for online bookings in India varies depending on the room tariff charged by the hotel. The applicable Goods and service tax rate is as follows: Goods and service tax rate for Hotels, For room tariffs of up to Rs. 1,000 per day, there is no GST… Read More »
GST Audit It involves a thorough examination of a taxpayer’s GST records and returns by a qualified chartered accountant. The purpose of this audit is to ensure that the taxpayer has complied with the provisions of the GST Act, 2017. Under the GST Act, certain taxpayers obligate to undergo by it. To visit https://www.gst.gov.in/ The… Read More »
GST applicable for IT export services India has become a global IT hub, with numerous companies providing services to clients abroad. One of the most important considerations for IT companies is the applicability of Goods and Services Tax (GST) on exports, particularly for services. The GST law has specific provisions concerning export of services,… Read More »
GST in India Co-working spaces have become popular in India, especially among freelancers, startups, and small businesses. They offer flexibility, cost-efficiency, and the opportunity to work in a dynamic, shared environment. However, as with any business arrangement, questions arise about legal liabilities, especially when it comes to taxes, such as the Goods and Services Tax… Read More »
Change State Jurisdiction in GST Website link Change state jurisdiction in GST: One of the critical aspects of GST compliance is the jurisdictional assignment, which determines which state authority will oversee the taxpayer’s registration and compliance. There are instances when businesses may need to change their state jurisdiction due to various reasons, such as relocation… Read More »
Can a minor get GST registration Yes, a minor can get GST registration if they have engaged in a business or profession. However, the registration must obtain in the name of the proprietor, who will responsible for all legal compliances and liabilities related to the business. For GST Registration https://www.gst.gov.in/ It is important to note… Read More »
