GST, India’s biggest tax reform based on the concept of “one country, one market, one tax”, has finally come into effect. The moment the Indian government has been waiting for 10 years has finally arrived. The single largest indirect tax …
Read More
The Goods and Services Tax (GST) is a value-added tax that was introduced in India in July 2017. The impact of GST on airfares in India has been mixed. Before GST was implemented, air travel was subject to airfares taxes, …
Read More
The entertainment industry has an important role to play in the Indian economy. The industry contributes a major portion to the Indian GDP. Entertainment tax which is sometimes addressed as “amusement tax” is a tax applicable on any form of …
Read More
Under the umbrella of GST regime, the import of goods and products will not be affected by charges such as education cess, safeguard duty, basic customs duty, anti-dumping duty, and other charges. The Integrated Goods and Services Act, of 2017, …
Read More
The Goods and Services Tax (GST) is a comprehensive tax reform introduced in India in 2017, which replaced multiple indirect taxes such as excise duty, service tax, and value-added tax (VAT). When any goods are shipped to the buyer; the …
Read More
GST jurisdictions refer to the different levels of government that are responsible for administering and collecting the Goods and Services Tax (GST) in India. The GST system is administered by the GST Council, which is a constitutional body that consists …
Read More
Several GST (Goods and Services Tax) amnesty schemes have been launched by the Indian government to provide relief to taxpayers who have not complied with the GST laws. These schemes aim to reduce the compliance burden on taxpayers and encourage …
Read More
GST stands for Goods and Services Tax. It is a comprehensive indirect tax that is levied on the supply of goods and services in India. The GST regime has replaced several indirect taxes such as Value Added Tax (VAT), Central …
Read More
Vedanta Limited is an Indian multinational company based in Mumbai, India. The company was founded in 1976 by Anil Agarwal and has grown rapidly over the years to become a leading player in the metals and mining industry. The company …
Read More
Piramal Group is a global business conglomerate with diverse interests in pharma, financial services and real estate. The Group has offices in over 30 countries and a global brand presence in more than 100 markets, and operates with over 10,000 …
Read More
Tax paid by a company is a direct result of its income. The more income the higher the amount of tax paid. The calculation of taxes for companies in India depends on various factors, such as the type of tax, …
Read More
GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services. Like VAT, GST is a consumption tax that is paid by the end consumer, but it is collected and remitted to the …
Read More
India is one of the world’s major producers and consumers of zinc, a vital metal used in a wide range of industrial applications, from galvanizing steel to making batteries and alloys. With abundant reserves of zinc ore and a favourable …
Read More
In India, any individual or business entity that engages in the taxable supply of goods or services within a state, and has an annual turnover exceeding Rs 20 lakh (with variations depending on the state or union territory), must register …
Read More
Under the Goods and Services Tax (GST) system, the Integrated Goods and Services Tax (IGST) rate is determined by adding the Central Goods and Services Tax (CGST) rate and the State Goods and Services Tax (SGST) rate. The IGST is …
Read More
Reverse charge is a unique mechanism under the Goods and Services Tax (GST) framework that mandates the recipient of goods or services to assume the responsibility of paying GST, instead of the supplier. What is Reverse Charge Mechanism – Details?…
Read More
SGST stands for State Goods and Service Tax, which is a crucial component of the Goods and Service Tax (GST) system. The concept of one tax one nation is what makes it all the more intriguing. Under the State Goods …
Read More
CGST is the acronym for Central Goods and Services Tax, which includes all the previous central indirect taxes. It is a tax imposed by the central government on the movement of goods and services within a state. In simpler terms, …
Read More
UltraTech is not only the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India but also the third largest cement producer in the world, excluding China. One of the most impressive aspects of UltraTech is …
Read More
GST stands for Goods and Services Tax, and it is an indirect tax levied on the supply of goods and services in India. It is a comprehensive, destination-based tax that was introduced in India on 1st July 2017, to replace …
Read More
GSTR-2 is a monthly return that needs to be filed by registered taxpayers under the Goods and Services Tax (GST) system in India. It contains details of all inward supplies of goods and services received by the registered taxpayer during …
Read More
GSTR-1 is a monthly or quarterly return that is filed by registered taxpayers in India under the Goods and Services Tax (GST) system. It contains details of all outward supplies or sales made by the taxpayer in a given tax …
Read More
GSTR-3B is a monthly return that is required to be filed by registered taxpayers under the Goods and Services Tax (GST) system in India. It is a summary return that includes details of all outward and inward supplies, input tax …
Read More
Goods and Services Tax (GST) registration is a mandatory process for businesses and individuals who supply goods or services in India, through which a unique Goods and Services Tax Identification Number (GSTIN) is assigned to a business or individual. As …
Read More
Petrochemicals have a massive role in society. Even though we might not be aware of it, petrochemicals play a significant role in our daily lives. Petrochemicals play a fundamental part in many aspects of our daily lives, including the carpets …
Read More