The Indian government charges a tax on goods and services called GST. This tax is based on where the goods are going. It is added to the price of goods and services that any business or person sells. GST has replaced a number of other taxes, such as the central sales tax, the service tax, the value-added tax, the excise duty, and so on. On July 1, 2017, the GST act went into effect. GST registration is the process
The Goods and Service Tax (GST) Department has made it a requirement to put in the exact Google location of the building when filing a new GST Registration application or when Adding a New Place of Business when making a change to an existing GST Registration. In this article, you’ll learn about the most recent changes, since Google Map Location is now a requirement for GST Registration. What is GST Registration? GST registration is how a taxpayer becomes part of the
Foreigners and non-resident Indians (NRIs) come to India for its business opportunities. If you’re not a resident but plan to sell goods or services for a short or long time, you’ll need to sign up for GST (Goods and Service Tax). Also, the non-resident taxable person must choose someone in India to handle their GST responsibilities. Learn about GST Registration for a Foreign Company in India in this article. What is the Goods and Services Tax (GST)? The Indian government passed
Through the Meesho Seller Panel, people who want to buy can look at and buy products that are for sale. With the Meesho Seller Panel, sellers can also keep track of their sales and get customer feedback. But you need GST Registration if you want to sell things on Meesho. In other words, Meesho Suppliers have to have a GSTIN if they want to sell their goods on the platform. In this article, you will learn how to get
Most of us spend hours every day on social media. The easiest way to stay in touch with friends, family, and coworkers is through social media. It is also thought to be the most up-to-date way to find out about new products, current events, and the latest fashion trends happening around the world. So, most brands now work with social media influencers to get their products and services in front of people all over the world. Social media sites like
India has 5.23 million kilometres of roads, which makes it the second-largest road network in the world. Only 2% of the roads in the country are designated as national highways, but they carry 40% of all the traffic in the country. The fact that roads carry 65% of freight and 80% of people is an interesting place to start. This shows how important the road system is to the growth of the economy and the country as a whole. Road
As a Sole Proprietorship, an Indian business can be owned, run, and controlled by a single person. All of the money or profits you make are yours to keep. Because of the benefits of single proprietorships in India, it is also possible to avoid paying more than one tax. You are only required to file tax returns and pay taxes in your own name. Since this is the case, GST Registration in India for a Sole Proprietorship has many
India has a huge amount of room for online businesses. Indian Market is a great place for online businesses, especially since the pandemic. You need to know about GST and GST Registration if you want to start an online business or move your current business online. Let’s talk about what you need to know about GST for an online business. What is GST? Goods and Services Tax is what GST stands for. In India, GST is a system of indirect taxes
GST could be taken off of pan masala and gutkha because it is hard to run the ITC (input tax credit) mechanism. This article talks about the latest information about GST on Pan Masala based on Installed Capacity or Actual Production. GoM’s Investigation into levying GST Odisha’s finance minister, Niranjan Pujari, was in charge of a group of ministers (called a “GoM”) set up by the GST Council in May 2021 to look into whether or not it would be possible
India’s online gaming market is on the rise. But GST also applies to the Online Gaming Sector. So, GST on online gaming is something that everyone, including taxpayers, online gamers, and gaming businesses, needs to understand. This article explains the main ideas behind GST and how it affects the online gaming industry. How GST applies on online gaming sector Under the GST Act, gaming platforms in India are now considered “suppliers” of services and must pay GST through GST Return Filing. When
