Key Takeaways The dropshipping business model has become an increasingly popular business model in India. With its low startup costs and minimal inventory requirements, entrepreneurs are opting for eCommerce. However, dropshipping business involves legal and tax obligations, including Goods and Services Tax (GST) compliance. In this blog, we will discuss the key legal requirements for […]
Key Takeaways The Goods and Services Tax (GST) regime in India has transformed the indirect taxation system of India and aimed at simplifying indirect taxation and improving compliance. However, due to the nature of returns and reconciliations, it can lead to discrepancies in reported data. To avoid this, the GST framework incorporates measures to identify […]
Key Takeaways After easy access to internet connectivity and smartphones, the e-commerce space has been growing at a fast pace in India. Moreover, the tax norms regarding filing GST returns have clearly described the tax rates on online sales which were missing in the earlier jurisdiction. Whereas, now you can find proper intimations in GST […]
Key Takeaways Gym services provided by trusts are subject to specific Goods and Services Tax (GST) regulations in India. When a trust operates a gym, the taxation depends on whether it functions for charitable purposes or as a commercial entity. Charitable trusts offering gym facilities for public health or community welfare may be exempt from […]
by Key Takeaways The Goods and Services Tax (GST) is the cornerstone of India’s taxation framework, streamlining indirect taxes into a unified structure. However, while filing GST taxes, there can be some technical glitches which disrupt the compliance process. This issue arises mostly due to connectivity errors or system maintenance. Gaining an understanding of these causes […]
0
Instant Transfer
Lowest Rates
Credit on all transaction