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…
Income Tax Implications for NRI Selling Property in India (Updated Easy Guide)Non-Resident Indians selling property in India face mandatory tax deduction, complex capital gains computation, surcharge exposure, and foreign remittance…
Introduction: Over the past decades, the growing concern over climate change, energy independence, and securities of energy supply have accelerated the path to the decarbonization of the transport sector. this…
Introduction Due to unawareness, many taxpayers commit mistakes in GSTR 3B and GSTR 1 while filing the GST Return. In this article, we will discuss “how to correct mistakes in…
Filing of GST returns is compulsory for every taxpayer. Despite the passing of almost 3 years since the enactment of GST laws, many mistakes are still being committed by GST…
Introduction India has the second-largest internet user base in the world. India’s e-commerce market after “India Goes Digital" has the fastest-growing country in the world. The rapid popularity and acceptance…
Foreign Tax Credit (‘FTC’) According to a Ministry of External Affairs report, there are 32 million NRIs and OCIs residing outside India. Many Indian residents migrated abroad to countries like…
Agriculture is the primary source of livelihood and source of income for about 58% of India’s population. As we all know that income which is received from agricultural activities know…
In this article, we have listed as such items, which are not eligible for the input tax credit under GST. But first, we need to understand the term ‘ITC’. ITC…
In this article, we have discussed about tax on freelancers income in India .The scope of freelancer income tax India now extends to digital creators and consultants across all sectors.As…
GST refund is a procedure in which a taxpayer wants to get the amount, which is in excess of the GST liability, refunded to his/her account.
GST is most trending tax topic.Many business users might have taken voluntary registration though not liable for GST.After taking registration people are worried apply for GST cancellation and to surrender…
People are usually worried about GST compliance. For running business GST compliant today we have provided GST compliance checklist for business to avoid any mistake in GST.We have tried to…