The process of claiming a GST refund involves following a defined procedure, submitting necessary documents, and providing declarations where required. Taxpayers must apply to the GST authorities to request a…
The term inverted duty structure refers to a situation where the tax rate on input materials is higher than the tax rate applicable to the final product being sold. However,…
A freelancer is an independent service provider who offers services on a contract basis, hourly rate, or periodic schedule. These services can be delivered directly to clients in India, through…
Understanding GST on Professional Services in IndiaGoods and Services Tax (GST) applies to various professional services in India, including consulting, legal, accounting, medical, and IT services. Professionals offering services beyond…
What is an Appeal?An appeal refers to a legal application submitted to a higher court, seeking the reversal of a decision made by a lower court. Appeals typically arise in…
You can cancel your GST registration if your business is no longer subject to GST rules, you are closing down your business, or if a tax officer initiates the cancellation.…
GSTR 10 need to be filed within 3 months of GST cancellation
Fixed assets are assets or items purchased for long-term use. Immovable properties such as buildings and land, as well as equipment such as machinery, computers, and so on, may be…
GST will significantly boost the government's 'Make in India' initiative by making goods and services produced or provided in India competitive in national and international markets. Furthermore, all imported goods…
NRIs while selling their house properties in India must pay tax on the Capital Gains. The tax payable on the gains depends on whether it is a short-term or a…
