Tag Archives: #TaxationPenalties

Risk in taking GST on home address: Is there any risk in taking GST on home address?

Risk in GST registration on home address

Risk in taking GST on home address There is no inherent risk in taking GST registration on a home address. Before taking GST registration on a home address, certain factors must be considered. For more information visit this site: https://www.gst.gov.in/ Firstly, it is important to ensure that the residential premises is a suitable place of business,… Read More »

Will GST be levied on a legal barter transaction done between 2 companies?

Legal barter transaction

Legal barter transaction   Legal barter transaction, Yes, GST (Goods and Services Tax) may be levy on a legal barter transactions done between two companies. According to the GST Act, any supply of goods or services made for a consideration in the course of business or commerce is taxable, including barter transactions. The value of… Read More »