About GST compliance Rating GST compliance rating, In many countries where the GST (Goods and Services Tax) is implemented, tax authorities generally do not assign a specific “GST compliance rating” to businesses. However, businesses can assess their GST compliance by considering the following factors: 1.Timely GST Registration: Ensure that your business is register… Read More »
Tax Evasion Tax evasion refers to the illegal practice of intentionally evading or avoiding the payment of taxes owed to the government. It involves dishonest and deliberate actions taken by individuals, businesses, or organizations to conceal, misrepresent, or understate their taxable income or assets in order to reduce their tax liability. To Visit https://www.incometax.gov.in/ Tax… Read More »
Benefit of GST number Benefit of GST number: Introduced on July 1, 2017, the Goods and Services Tax (GST) is a comprehensive indirect tax implemented in India. Under the GST regime, businesses are assigned a unique identification number known as the GST number. This 15-digit alphanumeric code plays a vital role in tracking the… 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 »
