Permanent Establishment Certificate Permanent Establishment Certificate: A ” typically refers to a document issued by tax authorities to confirm that a foreign company or entity does not have a permanent establishment (PE) in a particular country. A permanent establishment is a fixed place of business through which a company carries out its business activities,… Read More »
Expat tax laws in India Expat tax laws in India, Below is a comprehensive overview of the key elements pertaining to expat tax laws in India. However, please note that tax laws can be complex and subject to change, so it’s always advisable to consult with a tax professional or the relevant tax authorities… Read More »
Tax deduction TDS stands for Tax Deducted at Source, is an Indian taxation mechanism that involves the deduction of income tax at the source of payment. Under this system, a person or entity making certain types of payments such as salary, commission, rent, or fees require to deduct a percentage of the payment as tax… Read More »
GST on imports and exports GST is not charged on international transactions as they are considered as exports or imports. GST is only applicable on goods and services that are supplied within the country, i.e. domestic transactions. For exports, the taxes applicable in the country of import are applicable, and for imports, the taxes applicable… Read More »
Expat taxes Expat taxes,The tax responsibilities of expatriates can vary depending on their unique circumstances and the specific countries involved in their financial activities. These individual factors contribute to the fluctuation in their tax obligations. Generally, expats may have tax obligations in two main areas: Home Country (Country of Citizenship or Residency): Expat taxes… Read More »
How to do GST compliance for private limited company Compliance with GST for a private limited company entails meeting the prescribed guidelines and fulfilling the requirements of the Goods and Services Tax (GST) as established by the tax authority. Here are some key aspects of GST for Private limited company: GST Registration: If your company… Read More »
GST compliance for ecommerce GST compliance for ecommerce, Ensuring GST compliance is vital for e-commerce businesses in India to adhere to the regulations set by the Goods and Services Tax (GST) system. Here are key points to consider for Gst compliance for ecommerce GST Registration E-commerce operators are require to obtain GST registration, regardless of… Read More »
Destination based tax When we refer to GST (Goods and Services Tax) as a destination-based tax. It implies that the tax is imposed at the final point of consumption for goods or services. The tax proceeds collecte by the state where the goods or services consumed, rather than the state where they produced. For more… Read More »
Drawbacks of a single member LLC Drawbacks of a single member LLC, In India, the taxation of dividends received by shareholders has undergone changes. Previously, dividends were subject to Dividend Distribution Tax (DDT), which was levy on companies distributing dividends. However, effective April 1, 2020, DDT was abolish, and the taxation of dividend income shifted… Read More »
Indirect Tax Indirect tax is a type of tax that is imposed on goods and services rather than on individuals or companies directly. The taxes often embed in the price of goods and services and typically collect by the supplier or seller of the goods or services on behalf of the government. Examples of the… Read More »