User Intent Understanding the fundamentals of accounting, including its definition, applications, benefits, limitations, and comparisons, to gain a clear perspective on its role in financial management. Introduction Accounting is often referred to as the “language of business” because it systematically records, summarizes, and analyzes financial transactions. It plays a crucial role… Read More »
User Intent The intent behind this article is to inform businesses, tax professionals, and stakeholders about the latest GST compliance updates in India for 2025. It aims to offer a detailed, step-by-step analysis of each change, including definitions, applications, benefits, limitations, comparative insights, and answers to frequently asked questions. Introduction As the Indian… Read More »
GST Compliance Issues GST Compliance issues,The characteristics and scope of GST compliance issues may differ based on the specific context and circumstances at hand. Here are some common GST regulations compliance issues that individuals and businesses may face: Timely Filing of Returns: One of the key compliance requirements under GST regulation is the timely… Read More »
GST and Income Tax It follows a consumption-based model, where tax is collect at each stage of the supply chain, from the manufacturer to the end consumer. GST replaces multiple indirect taxes such as excise duty, service tax, and VAT, with the objective of establishing a unified market throughout the country… Read More »
Introduction The Goods and Services Tax (GST) system in India has undergone significant transformations since its inception in 2017. As we enter the fiscal year 2025-26, the government has introduced several changes to the annual GST return filing process. This article aims to provide a detailed overview of these changes, their implications, and practical guidance… Read More »
International Taxation International taxation, Taxability of non-resident individual with active business in India If an individual who was a resident of India for 5 years and running a proprietorship business in India becomes a non-resident, the taxability of their business income in India will depend on the source of the income and the residential status… Read More »
