Taxation
GST on Corporate Guarantees Explained
Introduction Imagine a large conglomerate, ABC Ltd., securing a business loan for its subsidiary by offering a corporate guarantee. The bank, relying on this guarantee, approves the loan. However, with evolving GST rules in India, the company now faces an additional tax liability on this guarantee. But why is a non-monetary transaction attracting GST on […]
#GST on corporate guarantee
Ali Sherwani
February 20, 2025 at 07:50 AM
GST on Computers and Electronics: Rates, ITC Benefits & Compliance
Introduction Imagine you plan to upgrade your business with high-performance computers and the latest electronics, but you realize that taxation significantly impacts the final price. With the implementation of GST on computers, businesses and consumers alike have faced changes in pricing, tax credits, and compliance obligations. Whether you’re an IT reseller, a startup investing in […]
Ali Sherwani
February 18, 2025 at 01:08 PM
What is IFF in GST and How to File It?
Introduction Imagine you are a small business owner who supplies goods and services to multiple clients every month. While your revenue is steady, waiting until the end of the quarter to report invoices could delay your clients’ input tax credit (ITC) claims. This can strain your business relationships and even lead to cash flow challenges. […]
Ali Sherwani
February 18, 2025 at 01:05 PM
What is a Casual Taxable Person Under GST?
India’s Goods and Services Tax (GST) framework classifies taxpayers based on their business nature. One such classification is the casual taxable person under GST, which applies to businesses that occasionally supply goods or services in a taxable area where they do not have a fixed place of business. For example, if a trader from Mumbai […]
#casual GST registration#GST compliance India#GST rules India#GST turnover India#temporary GST
Vanshika
February 18, 2025 at 01:01 PM
A Complete Guide to Finding Your Delhi GST Number Online
Introduction A Delhi GST number is a 15-digit unique identification number assigned to businesses registered under GST compliance Delhi regulations. It plays a crucial role in tax collection, ensuring that businesses adhere to the guidelines set by the Goods and Services Tax (GST) law. Proper knowledge of GST registration details is essential for businesses operating […]
Vanshika
February 18, 2025 at 12:52 PM
Laptop GST Rate in India: Tax Slabs & Compliance Explained
Introduction Navigating taxation complexities can be challenging, especially regarding electronics. The laptop GST rate significantly impacts both consumers and businesses in India. Whether purchasing a laptop for personal or business use, understanding the applicable tax rates and compliance requirements is essential. This guide explores the laptop GST rate in detail, including its impact on pricing, […]
Riddhima Singh
February 18, 2025 at 12:45 PM
GST Compliance for Garments Business: A Complete Online Guide
Introduction Starting a garments business is an exciting venture that combines creativity, style, and entrepreneurship. The apparel industry is one of the most dynamic and fast-growing sectors in India, offering immense opportunities for entrepreneurs to tap into both domestic and international markets. However, beyond the vibrant world of fashion and design lies an essential aspect […]
Riddhima Singh
February 18, 2025 at 12:38 PM
Formation of Company & ARN Search for GST Applications
Introduction The formation of a company is a crucial milestone for any entrepreneur or business owner. However, the process can be intricate, involving multiple legal and tax-related formalities. One of the most significant aspects of the formation of a company in India is ensuring compliance with Goods and Services Tax (GST) regulations. Among these regulations, […]
Riddhima Singh
February 18, 2025 at 12:33 PM
Flipkart Seller Registration: GST Application Status Check Online
Introduction Tracking your Flipkart seller registration application status online is a crucial step for businesses to ensure a hassle-free onboarding experience. Whether you’re a new seller aiming to expand your business on Flipkart or an established one updating your credentials, the GST portal India provides an efficient way to check your application updates and verify […]
Swati Raghuwanshi
February 18, 2025 at 12:28 PM
GST Address Change & Its Impact on Commercial Rent in India
Introduction The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has significantly streamlined the taxation system, replacing multiple indirect taxes with a single, unified tax structure. One crucial aspect of GST compliance that businesses must pay attention to is its applicability to […]
Swati Raghuwanshi
February 18, 2025 at 12:24 PM