Taxation
GST Jurisdiction Details Simplified
Introduction Understanding GST jurisdiction is crucial for businesses to ensure proper tax filing and compliance. Every business registered under GST falls under a specific gst office jurisdiction, which determines the tax authority responsible for assessment and compliance checks. Businesses often struggle with gst region lookup and gst area verification, especially when trying to determine their […]
#GST jurisdiction
Vanshika
February 15, 2025 at 11:18 AM
GST Exemption: Who is Eligible and How Does it Work?
Introduction Goods and Services Tax (GST) is a significant tax reform in India, streamlining indirect taxation. However, not all businesses, goods, or services fall under its ambit. Many qualify for GST exemption, which means they do not have to pay or collect GST. Understanding the GST exemption limit is crucial for businesses to ensure proper […]
#gst exemption
Vanshika
February 15, 2025 at 11:11 AM
How to Check GST Active Status Online: A Guide for Businesses
Introduction Imagine sealing a major deal, only to discover your GSTIN is inactive. Panic sets in, delays occur, and potential penalties loom large. Checking your GST active status online is not just a regulatory requirement—it’s the backbone of smooth business operations. In this comprehensive guide, we’ll explore what GST active status means, walk you through […]
#gst active status
Riddhima Singh
February 15, 2025 at 11:09 AM
Key Features of GST in India
Introduction The Goods and Services Tax (GST) was introduced in India on July 1, 2017, and it brought about a significant change in the country’s tax system. GST replaced a complex web of indirect taxes, such as VAT, excise duty, and service tax, creating a single, unified system that governs the taxation of goods and […]
#features of GST
Riddhima Singh
February 15, 2025 at 11:07 AM
Is PPF Interest Taxable? Everything You Need to Know About PPF Accounts
Introduction Ever dreamt of a savings option that offers security, tax benefits, and steady growth—all backed by the government? Look no further than the Public Provident Fund (PPF), a time-tested investment tool designed to help individuals build wealth while enjoying tax-free returns. Whether you are a salaried employee, a self-employed professional, or a business owner, […]
#Business#PPF#Tax
Riddhima Singh
February 12, 2025 at 06:49 AM
What is RCM in GST?
Discover how RCM in GST shifts tax liability to the recipient, ensuring seamless Reverse Charge Mechanism (RCM) compliance. Learn to manage RCM tax liability, adhere to RCM filing rules, and maintain GST compliance India.
#GST compliance India#RCM filing rules#RCM in GST#RCM tax liability#reverse charge mechanism#tax filing under RCM
Preeti Gupta
February 10, 2025 at 12:26 PM
Complete Overview Of Section 194Q of the Income Tax Act
Introduction The Income Tax Act, 1961, forms the backbone of India’s taxation system, regularly updated to accommodate the evolving economy and address emerging issues. One such addition was Section 194Q, introduced to enhance transparency in business transactions involving the purchase of goods. Effective from July 1, 2021, this section mandates buyers to deduct Tax Deducted […]
Manikuntala
February 10, 2025 at 11:43 AM
F and O Tax Calculation: Turnover and Tax Treatment for Futures and Options
Learn about F&O tax calculation and how it impacts turnover, tax audits, and deductions in India. Get your futures & options tax calculation sorted easily.
Riddhima Singh
February 10, 2025 at 11:07 AM
Agricultural Income: Tax Treatment and Taxability in India
Knowing the tax on agricultural income is essential for farmers and agribusinesses to ensure compliance with tax regulations.
Vanshika
February 10, 2025 at 10:27 AM
TCS in Income Tax: Basic Concepts and List of Goods Covered
Tax Collected at Source (TCS) is a vital mechanism in India’s tax system, under the Income Tax Act.TCS mandates that the seller of certain goods or services collect tax from the buyer at the time of sale, which is subsequently deposited with the government. This ensures an upfront collection of taxes and helps reduce tax […]
Riddhima Singh
February 10, 2025 at 07:51 AM