Tag Archives: #BusinessTaxationIndia

Is GST registration required if I am a small wholesaler with an annual turnover of less than 20 lakhs? Is filing a return required for wholesalers under the GST?

Annual Turnover If you are a small wholesaler with an Annual Turnover of less than INR 20 lakhs, you are not required to register for GST. However, if you sell goods across state lines, then GST registration is mandatory, regardless of your turnover. For more information visit this site: https://www.mca.gov.in As for filing returns,… Read More »

How much GST-registration can be issued on one PAN number?

How much GST-registration can be issued on one PAN number A single PAN (Permanent Account Number) number can be used to register for GST (Goods and Services Tax) only once. This means that only one GST registration can be issued per PAN number. However, businesses with multiple businesses verticals or branches operating in different states… Read More »

Is GST mandatory for Amazon seller?

Is GST mandatory for Amazon seller Yes, GST registration is mandatory for an Amazon seller if they meet certain criteria. According to GST laws, any person or business engaged in the supply of goods or services with an annual turnover exceeding Rs. 20 lakhs (Rs. 10 lakhs for northeastern and hilly states) is required to… Read More »

Can I add a new HSN code addition after GST registration?

Can I add a new HSN code addition after GST registration When a business registers under the Goods and Services Tax (GST) in India, it’s required to declare its goods and services using HSN (Harmonized System of Nomenclature) codes for goods and SAC (Services Accounting Codes) for services. These codes are critical for tax compliance… Read More »

Is it necessary to register a Pvt. Ltd. company for GST, if its services are exempted from GST?

Is GST Registration Necessary for a Pvt. Ltd. Company with Exempted Services? Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, particularly when it comes to understanding registration requirements. For a Private Limited Company (Pvt. Ltd.) providing services that are exempt from GST, a common question arises: Is GST registration… Read More »

What are the tax implications for an individual who becomes a non-resident after 5 years of residency but continues to run a proprietorship business in India?

International Taxation International taxation, Taxability of non-resident individual with active business in India If an individual who was a resident of India for 5 years and running a proprietorship business in India becomes a non-resident, the taxability of their business income in India will depend on the source of the income and the residential status… Read More »