Taxation
Types of GST in India: CGST, SGST, IGST & UTGST Explained
India applies four types of GST: CGST, SGST, IGST, and UTGST. Each type serves a distinct purpose and applies under specific transaction conditions. Understanding the difference helps businesses charge the correct tax, maintain compliant invoices, and avoid costly filing errors. GST came into effect on July 1, 2017, and replaced over 17 indirect taxes levied […]
#types of gst in india
Swati Raghuwanshi
February 15, 2025 at 05:08 AM
GST Status Check by ARN Number Online (2026 Complete Guide)
If you have recently applied for Goods and Services Tax (GST) registration, tracking your GST ARN status is essential to ensure a smooth, timely registration process. The GST ARN (Application Reference Number) is a unique 15-digit alphanumeric code generated when you submit your GST application. This number allows businesses and taxpayers to track their GST […]
#gst status check by arn
Manikuntala
February 14, 2025 at 12:50 PM
GST on Import of Goods and Services in India: Rates & Rules
In India, GST on imports plays a crucial role in regulating cross-border trade and ensuring tax parity between domestic and international transactions. When businesses or individuals bring goods into the country, the government applies GST on imported goods in addition to applicable customs duties. Similarly, the government applies GST on imported services when a supplier […]
#gst on import goods#gst on import services
Swati Raghuwanshi
February 12, 2025 at 07:35 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
GST Search by PAN Number: Verify Your GST Details
Learn how to search GSTIN by PAN in India using the GST portal. Verify GST compliance, prevent fraud, and ensure smooth business transactions with our comprehensive guide.
#search GSTIN by pan
Preeti Gupta
February 10, 2025 at 12:29 PM
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