GST Compliance for Job Worker Here are some key points to consider for GST compliance as a job worker: 1. Registration: Job workers are required to obtain GST registration if their annual turnover exceeds the threshold limit set by the tax authority. In some cases, the principal manufacturer or supplier may obtain the… Read More »
What are the consequences of Not Issuing E-Invoices Under India’s New GST Regime With the introduction of the Goods and Services Tax (GST) in India, the government has significantly reformed the tax system, aiming to streamline indirect taxation. A critical aspect of this evolution is the requirement for businesses to generate and issue electronic invoices… Read More »
GST rates GST rates: The Goods and Services Tax (GST) in India is a value-added tax applied to the supply of goods and services. The applicable GST rates for commissions are determined based on the nature of the commission and the type of service rendered. In general, commissions are considered services and are subject… Read More »
GST compliance for construction company Registration: are required to obtain GST registration if their annual turnover exceeds the threshold limit set by the tax authority. GST registration enables the company to collect and remit GST on the supply of construction services. Classification: Construction services are classified under specific service codes as per the Service… Read More »
Here are key points to consider for Gst compliance for ecommerce GST Registration E-commerce operators are require to obtain GST registration, regardless of their turnover. Online registration for GST can be conveniently completed through the GST portal. Collecting and Depositing GST E-commerce operators are responsible for collecting GST on behalf of the suppliers selling… Read More »
GST compliance for small business GST compliance for small business in India includes the following key aspects: Registration: Small businesses whose annual aggregate turnover exceeds the threshold limit (currently INR 40 lakhs for most states) are required to register for GST. Voluntary registration also allow. Issuing Tax Invoices: Small businesses need to issue proper tax… Read More »
NOC vs. Rental Agreement in GST Registration Form When registering for GST (Goods and Services Tax) in India, one of the requirements is to provide proof of the principal place of business. This can be done using various documents, including a No Objection Certificate (NOC) or a Rental Agreement. Here’s a detailed explanation of how… 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 »
Understanding “Assigned to the Center” and “Assigned to State” in GST REG-01 Registration When registering for the Goods and Services Tax (GST) in India using the GST REG-01 form, applicants encounter various fields that need to be meticulously filled out to ensure accurate registration. Among these, two fields often create confusion: “Assigned to the Center”… Read More »
