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GST registration for export of services applies under Section 2(6) of the IGST Act when you supply a service from India to a recipient outside India for foreign currency. The CGST Act, 2017, and IGST Act, 2017, treat such services as zero-rated. GST registration becomes necessary once turnover exceeds the prescribed threshold of ₹20 lakh […]
GST registration for consultancy services becomes mandatory once the annual turnover crosses ₹20 lakh, or earlier when specific supply conditions are involved. Consultants and advisory professionals across India must understand GST rates for consultancy services before they raise their first invoice. Whether someone provides management advice, IT strategy, financial guidance, or marketing consulting, GST applies […]
A reply to a GST registration notice must be filed within 7 working days from the date of service, using Form GST REG-04 for REG-03 clarification notices (fresh registration), Form GST REG-18 for REG-17 show-cause notices (cancellation), and Form GST REG-24 for REG-23 notices (rejected revocation applications). All replies are filed exclusively online through the […]
GST on software and IT services in India is charged at 18% (9% CGST + 9% SGST for intra-state; 18% IGST for inter-state; 0% for export of services under LUT), classified under SAC 998313 (IT consulting and support), SAC 998314 (IT design and development), SAC 998315 (hosting and infrastructure), and HSN 8523 (packaged software on […]
GST registration for professional services in India is mandatory under Section 22 of the CGST Act, 2017, when aggregate annual turnover exceeds ₹20 lakh (₹10 lakh in Manipur, Mizoram, Nagaland, and Tripura). Most professional services are classified under SAC 9982 (legal, accounting, consulting) and SAC 9983 (technical, IT, design) and attract 18% GST (9% CGST […]
GST registration for freelancers in India is mandatory under Section 22 of the CGST Act, 2017, when aggregate annual turnover exceeds ₹40 lakh – 20 lakh (₹10 lakh in Manipur, Mizoram, Nagaland, and Tripura) for goods and services. This is applicable regardless of whether clients are in India, abroad, or both. Registration also becomes mandatory […]
A buyback of shares is the process by which a company repurchases its own previously issued shares from existing shareholders. A company usually buys these shares at a price higher than the prevailing market price and then cancels them. This reduces the total number of shares outstanding and serves as one of the primary methods […]
Ahmedabad isn’t just Gujarat’s commercial capital — it’s one of India’s fastest-growing financial hubs, home to GIFT City, a thriving textile and pharma cluster, and thousands of MSMEs that need expert chartered accountants every single day. From a first-time founder filing GST returns to a listed company navigating Ind-AS audits, the right CA firm can […]
Kolkata is the financial heart of Eastern India — home to BFSI giants, jute and tea exporters, manufacturing clusters, and a fast-growing startup base. That mix means business owners here need a CA firm that can do more than file an ITR. They need partners who can manage statutory audits, GST litigation, transfer pricing, ROC […]
The top 10 CA firms in Mumbai for 2026 — judged by audit revenue, ICAI Peer Review status, NFRA-registered audits, client quality and digital service capability — are Deloitte Haskins & Sells, Price Waterhouse & Co, S.R. Batliboi & Co (EY), B S R & Co (KPMG affiliate), Walker Chandiok & Co (Grant Thornton Bharat), […]