gst
GST
Major Challenges and Solutions in GST Compliance for Small Businesses (MSME)
For small businesses, especially Micro, Small, and Medium Enterprises (MSMEs), Goods and Services Tax (GST) compliance can be particularly daunting. Here are some of the top challenges they face along with potential solutions:
Understanding and...
GST
E-commerce After GST: Adapting to New Tax Dynamics
The Goods and Services Tax (GST) is a comprehensive indirect tax that was implemented in India on 1st July, 2017.
The government of India has undertaken a big taxation reform by introducing GST, which is...
GST
Understanding the legalities of GST on Petroleum Products
In the complicated web of India's taxation system, the treatment of petroleum products under the Goods and Services Tax (GST) regime remains a complex and highly debated subject. As critical drivers of the economy,...
News & Events
The Patanjali Saga: Triumph to Troubles
INTRODUCTION
Patanjali, once hailed as a giant in the ayurvedic industry, surged into prominence with its wide range of FMCG products. Patanjali's entry into the FMCG market was nothing short of revolutionary. Founded by Baba...
Startups
How to Create a Successful Partnership Agreement for Your Startup
Starting a prosperous business is rarely a solo endeavour - most flourishing startups are built on strong partnerships. Whether you're joining forces with a co-founder, bringing on an investor, or forming a strategic alliance,...
Income Tax
Due Date Calendar for June’2021
A) Due dates for Compliance under Income Tax
7 June 2021 - Due date for deposit of Tax deducted/collected for the month of May, 2021. However, all sum deducted/collected by an office of the government...
GST
GST UPDATES IN UNION BUDGET 2021
GST UPDATES IN UNION BUDGET 2021
The Finance Bill 2021, have proposed certain progressions in CGST Act, 2017 and IGST Act, 2017 to track input credit frauds and to secure Government incomes. Few amendments will...
GST
RCM under GST applies to remuneration to employee director u/s 194J and not u/s 192 – Clarifies CBIC!
Introduction
Under the current GST Law, remuneration given to a Director (by whatever
name given) is a taxable service chargeable under Reverse Charge Mechanism
(‘RCM’) for levy of GST1.
On the other hand, an employee performing his...
+91 97234 00220
