GST provisions applicable to Non-residents in India

Goods and services tax (GST) has come into effect on 01st July 2017 with significant indirect tax reform in the country. GST has subsumed many indirect taxes in the country and made indirect taxes simpler than ever before. Since the day the GST has taken place many drastic changes have been incorporated into the GST …

Complete details about the Casual Taxable Person under GST

The casual taxable person is defined as a person who undertakes the transaction occasionally involving the supply of goods and services, like shops in the fairs and seasonal businesses are required to take GST registration. A casual taxable person should take GST registration prior to the commencement of business. The registration certificate is granted on …

All about GST Registration, Process and Procedure

GST registration applies to all individuals, HUFs, companies and other taxable persons supplying taxable goods and services. GST registration is a process to get themselves registered under the GST act. If any individual is supplying goods or services, he needs to take the GST registration in Gurgaon. GST registration is not mandatory unless the supplier …

GST on Export of Services

The service sector is the fastest and largest growing sector in India. India is among the top 10 service exporter countries having a 4.1% share in world commercial service exports in 2020. In the first half of the 2021-22 fiscal year service sector contributed more than 50% of the GDP of India and it is …

GST on Export of Goods

This article is not industry specific. The article has been written considering the present situation of GST and overall industries requirement. It will cover general clauses and provisions for export of goods but the specific untouched points will also be included for the reader’s knowledge. As we know that export of goods and services is …

Cases where GST registration is mandatory and non-mandatory

GST registration is first and most important step for a person starting business. There are common questions that every supplier of goods and services ask before commencing his/her business such as why should we register under GST? What is the exemption limit of GST registration? What are the benefits of GST registration? How much time …

FAQs > Suo Moto Cancellation

1. Under which circumstances can a Tax Official initiate for cancellation of GST registration? Suo Moto Cancellation of registration may be initiated by the Tax Official for various situations as mentioned in the provisions of GST law like: – Any Taxpayer other than composition taxpayer has not filed returns for a continuous period of six …

Your working capital requirement may increase from 1st February 2019

Working capital play vital role in business as it covers company’s short term expenses, including inventory, short-term debts and operating expenses. What happens when all of a sudden it gets increased. Recently GST law changed the pattern of utilization of Input tax credit which may increase your working capital requirement in future though you have …