The GST rate for a hotel under composition Hotels that opt for the composition scheme under GST (Goods and Services Tax) are subject to a flat rate of 6% on their turnover. This rate is applicable to both AC and non-AC restaurants, as well as hotels and lodges with a room tariff of up to… Read More »
Can we provide a personal PAN number for GST registration No, you cannot provide a personal PAN (Permanent Account Number) number for GST (Goods and Services Tax) registration of a company. It requires a PAN number that specifically issue to the company by the Income Tax Department of India. For more information to Visit https://www.gst.gov.in/… Read More »
GST Compliance GST Compliance, Under the Goods and Services Tax (GST) regime in India, different categories of taxpayers are required to File returns to fulfill their GST Compliance. Here are the types of taxpayers and their corresponding return filing requirements: Regular taxpayers: Registered individuals or businesses who are liable to pay GST on their… Read More »
Funds Taxability from Indian parents for NRI Funds taxability from Indian parents for NRI, As per the income tax rules in India, individuals residing abroad can receive money from their parents living in India without being liable for taxes, given certain conditions are met. Under the provisions of the Income Tax Act, 1961, gifts received… Read More »
Is One GST Registration Possible for Different Businesses? Introduction Goods and Services Tax (GST) has revolutionized the taxation system in India, streamlining multiple indirect taxes into a single framework. Many entrepreneurs and business owners often wonder whether they need separate GST registrations for different businesses or if a single GST registration can cover all their… Read More »
GST charge on consultancy services Understanding GST on Consultancy Services: Slabs and Rates The Goods and Services Tax (GST) has streamlined indirect taxation in India by merging various taxes into a single, unified system. For professionals providing consultancy services, understanding how GST applies is essential for compliance and financial planning. We’ll explore what the GST… Read More »
User Intent Users searching for this topic likely want to understand whether a business without GST registration can issue a tax invoice. They may be business owners, entrepreneurs, or accountants looking for legal clarity. This article provides a step-by-step explanation, covering definitions, applications, benefits, limitations, and comparisons. Introduction Tax invoices play a crucial role in… Read More »