GST
Order of Utilisation of Input Tax Credit Under GST
Meaning of Input Tax Credit (ITC) Input Tax Credit refers to the tax already paid by a person at time of purchase of goods or
Rohit Pithisaria 26/06/2025
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Meaning of Input Tax Credit (ITC) Input Tax Credit refers to the tax already paid by a person at time of purchase of goods or
TDS Rate Chart as applicable for the Financial year 2025-26 (Assessment Year 2026-27) The updated TDS rates for financial year 2025-26 are given in below
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 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
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
Ebay Commission Charges For each fulfilled order Ebay charges commission from sellers. Now question arises whether GST under RCM is payable on such a commission
Will India Impose the New 28% Tax on the Online Casino Market The Indian online gambling sector has soared over the past years, and the
Details, as furnished in Details of outward supplies in Form GSTR-1, will be available to the composite dealer in Form GSTR – 4A. The dealer
Services provided by the hotel is a taxable service in GST. The place of supply will always be the state/union territory where the hotel is
Introduction Composition scheme under GST law is for small businesses. This is to bring relief to small businesses so that they need not be burdened
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
Resident & Non-Resident Individuals (all age group) under the New Tax Regime under section 115BAC for FY 2024-25 Net Income Range FY 2024-25(AY 2025-26)
The German pension system is known for its strict regulations and procedures. Many expatriates and workers who have contributed to the German pension fund might
Doing the books of accounts for an e-commerce seller is different from maintaining traditional books of accounts. It gets further complicated if the e-commerce seller
An Income Tax Return (ITR) is a form that enables the taxpayer to declare his income, expenses, tax deductions, investment, and taxes. There are a
Each year, individuals earning income higher than the basic exemption limit are required to file their income tax returns (ITRs) online. If you belong to