Tag Archives: #TaxationPenalties

Is there any risk in taking GST on home address?

Risk in GST registration on home address

Risk in taking GST on home address For many small business owners or freelancers, using a home address for Goods and Services Tax (GST) registration is a common practice, especially if they don’t have a commercial office space. But is there any risk involved in this? Let’s explore the potential concerns: Legal Compliance As long… 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 »