GST on Second hand goods and Margin Scheme
With the rise of the resale and refurbishment market, understanding how Goods and Services Tax (GST) applies to second-hand goods has become crucial for businesses
With the rise of the resale and refurbishment market, understanding how Goods and Services Tax (GST) applies to second-hand goods has become crucial for businesses
Section 40b determines the maximum amount of remuneration and interest on capital payable to a partner under Income Tax Act. The amount over the specified
Section 44AD This section is for presumptive taxation for eligible small businesses to declare a fixed percentage of their turnover as taxable income, eliminating the
Section 44ADA Section 44ADA was introduced for presumptive income for Freelancers & professionals. This section is similar to section 44AD for traders. Under this section
What is GSTIN ? GSTIN stands for Goods and Services Tax Identification Number. It is a unique 15-digit alphanumeric number assigned to every registered taxpayer
A complete comprehensive article regarding GST applicability on Indian freelancers providing services in India/outside India.
With the rise of the resale and refurbishment market, understanding how Goods and Services Tax (GST) applies to second-hand goods has become crucial for businesses
What is GSTIN ? GSTIN stands for Goods and Services Tax Identification Number. It is a unique 15-digit alphanumeric number assigned to every registered taxpayer
A complete comprehensive article regarding GST applicability on Indian freelancers providing services in India/outside India.
Changes effective from 01 April 2025 (A.) 30 days limit for E-Invoice generation now applicable on turnover Rs.10 Crore or more : From 1 April
Understand GST late fees for all types of GST returns like GSTR-1, GSTR-3B, GSTR-9 etc along with relevant GST notification/circulars.
Mandatory Registration under GST for Ebay Sellers Ebay is an e-commerce company registered outside India. It doesn’t have any place of business in India. But
Section 40b determines the maximum amount of remuneration and interest on capital payable to a partner under Income Tax Act. The amount over the specified
Section 44AD This section is for presumptive taxation for eligible small businesses to declare a fixed percentage of their turnover as taxable income, eliminating the
Section 44ADA Section 44ADA was introduced for presumptive income for Freelancers & professionals. This section is similar to section 44AD for traders. Under this section
Applicability When any person purchases an immovable property (like land, building, flat etc) from an NRI (Non-Resident), TDS is required to be deducted on the
Proposed changes for Seafarers in Budget,2025 Net Income Range FY 2025-26 (AY 2026-27) Upto Rs. 4,00,000 NIL From Rs. 4,00,001 to Rs. 8,00,000 5% From
Provisions of this section is applicable from 1st June 2017 A new section 194IB has been introduced from 01st June 2017. This section requires certain
What is PPF (Public Provident Fund)? PPF stands for Public Provident Fund which is backed by Indian Government. It is the most common investment for
National Saving Certificate, commonly known as NSC, is saving bonds issued by Indian Government to individuals only. It is primarily focused on small savings. Also,
Ayushman Bharat or PMJAY is a scheme of National Health Protection Mission Council. It is a social health insurance scheme for the general citizens of
Peer to Peer lending (P2P) concept although new to the Indian investors and borrowers, gaining popularity at a rapid pace. The complex and time consuming processes
Mutual funds is a trust that is managed by the professionals, whose main task is to gather funds from different investors & further invest them
Sukanya Samriddhi Yojana (SSJ) was notified on 2nd December 2014 by the Central Government of India. This scheme is launched to tackle the basic problem