Tag Archives: #IndianTaxSystem

Definition of GST invoice What is GST invoice?

Definition of GST invoice   Definition of GST invoice, A GST invoice is a crucial document issued by a supplier to the buyer, containing all the necessary details of the transaction in accordance with the Goods and Services Tax (GST) Act in India. It serves as proof of the supply of goods or services and… Read More »

Which state does not accept GST in India?

Which state does not accept GST in India? User Intent Users searching for this topic likely want to know if any state in India has rejected the Goods and Services Tax (GST) and the reasons behind it. This article will provide a detailed breakdown of the issue, covering its definition, applications, benefits, limitations, and comparisons.… Read More »

Which allowances are taxable under the Income Tax rules of India?

   Introduction Allowances are additional financial benefits given by employers to employees apart from their basic salary. While some allowances are fully taxable, others enjoy partial or complete exemption under the Income Tax Act, 1961. Understanding the taxability of various allowances is crucial for both employers and employees to ensure proper tax planning and compliance.… Read More »

What is the taxability of invoices in India?

User Intent Understanding the taxability of invoices in India is crucial for businesses, freelancers, and individuals dealing with financial transactions. This article provides a step-by-step guide to help users comprehend how invoices are taxed, their applications, benefits, limitations, and a comparative analysis. Introduction In India, taxation plays a pivotal role in financial transactions, and invoices… Read More »

What are the taxes that you pay on dividends and how do they work in India?

What are the taxes that you pay on dividends and how do they work in India? Introduction Dividends are a common source of passive income for investors. However, like any other income, they are subject to taxation. In India, the taxation of dividends has evolved over the years, with significant changes introduced in recent budgets.… Read More »