What Are the Implications of Non-Registration with GST? Introduction Goods and Services Tax (GST) is a comprehensive tax levied on the supply of goods and services in many countries, including India. It is mandatory for businesses that meet the prescribed turnover threshold to register under GST. Non-registration can have serious legal, financial, and operational consequences.… Read More »
What if I do not pay my income tax If you do not pay your income tax, it will be considered as taxes evasion, which is a serious offense under the Income Tax Act in India. If the Income Tax Department finds out about the non-payment of tax, it can take various legal actions against… Read More »
What is Tax Avoidance? Tax avoidance involves legally structuring one’s financial affairs to reduce tax liabilities while staying within the law. It involves using various strategies and methods to take advantage of deductions, credits, exemptions, and other provisions in the tax code to reduce the amount of taxes owed. Characteristics of Tax Avoidance: Legal… Read More »
