Tag Archives: #TaxStructure

Goods and Services Tax (GST)

Goods and Services Tax (GST) Goods and Services Tax (GST): The GST is a comprehensive indirect taxation system imposed on the provision of goods and services across India. It is a destination-base tax system that aims to replace multiple indirect taxes like excise duty, service tax, VAT (Value Added Tax), and others. 1. Introduction: GST… Read More »

When is an LLP not tax transparent ?

  User Intent Users searching for this topic want to understand when a Limited Liability Partnership (LLP) loses its tax transparency status. They may be business owners, tax professionals, or legal advisors looking for specific tax implications of LLP structures in different jurisdictions. Introduction Limited Liability Partnerships (LLPs) are often considered tax-transparent entities, meaning the profits… Read More »

Why 15CA/CB is required?

Form 15CA CB purpose Form 15CA CB purpose, The Indian government mandates the use of 15CA and 15CB forms for specific financial transactions involving non-residents. Here’s a brief explanation of each form: 1.Form 15CA: This form is use for remittances (money transfers) that are subject to tax deduction at source (TDS) under the Indian Income… Read More »

Which ITR file for salaried person?

  ITR for Salaried Person   For salaried individuals, the applicable Income Tax Return (ITR) form in India is typically ITR-1 (Sahaj) or ITR-2. The choice between these forms depends on certain factors such as the level of income, the presence of other sources of income, and the eligibility for specific ITR forms. Here’s a… Read More »

What is the requirements of GST Compliance?

  GST Compliance Requirements What are the Requirements of GST Compliance? Introduction The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in many countries, including India. It was introduced to create a unified tax system, eliminating multiple indirect taxes. However, businesses must adhere to various GST… Read More »

What are the types of GST?

Types of GST In India, there are primarily four types of Goods and Services Tax (GST): State Goods and Services Tax (SGST): Levied by state governments on the supply of goods and services within the state. Central Goods and Services Tax (CGST): Levied by the central government on the supply of goods and services within… Read More »

What is One Time Tax?

  User Intent Users searching for “One-Time Tax” are likely looking for a clear understanding of what it is, how it works, and its advantages and disadvantages. This article provides a detailed breakdown of One-Time Tax, its applications, benefits, and limitations, along with a comparative table to enhance understanding. Introduction Taxation is an essential part… Read More »