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 2025 Taxpayers having Annual Average turnover of Rs.10 Crore or more must generate E-invoice on the Invoice Registration Portal (IRP) within 30 days of issuance
Understand GST late fees for all types of GST returns like GSTR-1, GSTR-3B, GSTR-9 etc along with relevant GST notification/circulars.
A complete comprehensive article regarding GST applicability on Indian freelancers providing services in India/outside India.
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 Indian sellers can register themselves on this platform & can sell their products outside India & ship internationally. As Ebay sellers are located in India and
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 as Import of service ? As per Section 2(11) of IGST Act, Import of service means supply of service where: – Now, we need to
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 services and which is available as deduction from tax payable on sale of goods or services. It can be ITC of IGST, CGST & SGST.
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 second-most populated country has become one of the most promising markets. Players can find numerous domestic and offshore operators and enjoy all forms of online
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 can add, correct or delete such details. After such addition, correction or deletion quarterly return in Form GSTR-4 is to be furnished. Form GSTR-4 shall include- (a) invoice
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 located even if the guest is a registered person and has GSTIN of another state. Therefore, a hotel has to charge SGST and CGST always.
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 with the compliance provisions under the law. An option has been provided to the eligible taxpayer who can opt to pay a fixed percentage of