GST registration is mandatory for businesses crossing the threshold limit. Business owners have two main options. They can either complete the process online themselves or take help from GST registration consultants. Each option comes with its pros and cons. Choosing the right one depends on business size, understanding of GST…
Post the implementation of Goods and Services Tax, it has become important for businesses to comply with GST registration. However, for many firms, navigating the complexity of the Goods and Services Tax (GST) can be time-consuming and labor-intensive. From GST registration and de-registration to GST return filing and compliance audits, the processes…
If you own a business dealing with goods and services, you are most likely aware of GST return filing. The indirect tax levied on your products when they are sold but did you know that there is a way you can reduce this amount? Input Tax Credit enables you to recoup some…
Navigating the complex landscape of the Goods and Services Tax (GST) requires attention to detail and a thorough understanding of the various regulation frameworks. That is why working with GST return filing consultants during the GST filing process can be a strategic move. If you want to know why? Read…
INTRODUCTION If you are running a business or planning to start one, registering for GST is a must. India imposes an indirect tax known as GST, or Goods and Services Tax, on the provision of goods and services. It is a comprehensive, multi-stage, destination-based tax that replaced multiple indirect taxes…
CASUAL TAXABLE PERSON As per the law, a ‘Casual Taxable Person’ is a person who occasionally undertakes transactions involving supply of goods or services, or both, in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where…