General
What is GST Applicability & Tax Rates on Renewable Energy?
All renewable energy devices, including solar devices or solar power projects, are covered under the ambit of GST. This article throws light on the applicability, exemptions and GST rates on solar power based devices. Definition and scope of solar ...
How to start E-commerce Business?
Starting your own e-commerce business is an exciting venture, especially if you’ve dreamed about the freedom of being your own boss. If you are crafty or have a knack for selling, then the entrepreneurial route could be a great choice for you. ...
GST Applicability & Tax Rates on Fashion and Apparel
Introduction The Goods and Services Tax (GST) is a comprehensive tax reform in India that was introduced on July 1, 2017. It replaced a complex system of indirect taxes and aimed to simplify the tax structure. The fashion and apparel industry is a ...
GST Applicability & Tax Rate on Legal Services
Advocates and legal services are subject to GST in India. As per the GST Act, legal services provided by advocates, including senior advocates, are considered as a supply of services and are liable to GST. The rate of GST applicable on legal services ...
Full-Time Permanent Employment Contracts in India
Understanding Full-Time Permanent Employment Contracts in India Introduction Full-time permanent employment contracts are the most common type of employment arrangement in India. These contracts play a crucial role in defining the terms and ...
TCS Applicability From 01st October Onwards
TCS @ 20% from 01-10-2023 on Foreign Remittances: Important features 1. Exemption threshold limit of 7 lacs per financial year per individual shall apply to remittance under liberalized remittance scheme (LRS). No threshold exemption for overseas ...
GST Applicability & Tax Rates on Environmental Services
GST Applicability & Tax Rates on Environmental Services Introduction Goods and Services Tax (GST) was introduced in India on July 1, 2017, as a comprehensive indirect tax to replace multiple state and central taxes. GST is applicable to a wide range ...
How To Start New Business for Travel
A travel agency helps its personal clients plan the vacation of their dreams, and helps its corporate clients lower the costs of its business travel. Travel agencies can provide their clients with discounted rates, improved booking options, ticket ...
GST Applicability & Tax Rates on Music and Entertainment Events
Music and entertainment events are an integral part of our lives, providing us with joy, relaxation, and cultural enrichment. However, the taxation of such events has often been a subject of confusion and debate. In India, the Goods and Services Tax ...
GST Applicability & Tax Rates on Telecommunications
The telecommunications industry plays a pivotal role in our modern, interconnected world. It enables communication across vast distances and facilitates the exchange of information, making it an essential service in today's digital age. However, like ...
GST Applicability & Tax Rates on Shipping Charges
GST Applicability & Tax Rates on Shipping Charges Introduction: Goods and Services Tax (GST) is a comprehensive indirect tax system that has replaced multiple indirect taxes in India. It has significantly simplified the taxation structure and has a ...
GST Applicability & Tax Rates on Petroleum and Oil Industry
Introduction The Goods and Services Tax (GST) is a comprehensive indirect tax system implemented in India on July 1, 2017, with the aim of simplifying the country's complex tax structure. While GST has brought about significant changes in the ...
How To Start New Business for Export of Goods & Service
Introduction Starting a new business for the export of goods and services can be a rewarding venture, providing opportunities for growth and profitability in the global market. However, entering the world of international trade can be challenging ...
GST Applicability & Tax Rates on FMCG (Fast-Moving Consumer Goods)
Fast-Moving Consumer Goods (FMCG) form a significant part of our daily lives. From toothpaste to packaged food, FMCG products are omnipresent. However, understanding the taxation structure, specifically the Goods and Services Tax (GST), on these ...
GST Applicability & Tax Rates on Tobacco Industry
GST Applicability & Tax Rates on Tobacco Industry Introduction The Goods and Services Tax (GST) is a comprehensive indirect tax that was introduced in India on July 1, 2017, replacing a complex web of indirect taxes like Value Added Tax (VAT), ...
GST Applicability & Tax Rates on Domestic Appliances
GST Applicability & Tax Rates on Domestic Appliances Introduction: The Goods and Services Tax (GST) is a comprehensive indirect tax system that was introduced in India on July 1, 2017. It replaced various central and state taxes, creating a unified ...
GST Applicability & Tax Rates on Retailer
GST Applicability & Tax Rates on Retailer Introduction Goods and Services Tax (GST) is a revolutionary tax reform that was introduced in India on July 1, 2017, replacing a complex web of indirect taxes. GST has had a profound impact on various ...
GST Applicability & Tax Rates on Construction
Introduction The introduction of the Goods and Services Tax (GST) in India in 2017 marked a significant shift in the country's tax regime. This comprehensive indirect tax reform aimed to streamline the taxation system and promote ease of doing ...
GST Applicability & Tax Rates on Consulting Services
Introduction The Goods and Services Tax (GST) is a value-added tax system that was introduced in India on July 1, 2017, replacing the previous complex tax structure. GST is designed to streamline the taxation process and make it more transparent and ...
Education Industry Taxation & Compliances
Educational institutions provide noble service of educating children for a better future. GST on certain services provided by the educational institutions is exempt or not taxable. The article provides detailed information on this aspect. What were ...
GST Applicability & Tax Rates on Furniture Manufacturers
Impact of GST Rate on Furniture Manufacturers The tax rate on certain goods and services under GST was declared by the GST council in the meeting held on 18th May 2017. We will be doing a complete analysis of the changes in the tax rate for different ...
GST Applicability & Tax Rates on Wholesaler
Introduction The Goods and Services Tax (GST) is a transformative tax regime that was introduced in India on July 1, 2017. It replaced the complex web of indirect taxes and aimed to streamline the taxation system, promoting ease of doing business. ...
How To Start New Business for Entertainment
Starting a new business in the entertainment industry can be an exciting and rewarding venture. Whether you're passionate about music, film, gaming, event planning, or any other form of entertainment, turning your creative ideas into a successful ...
How To Start New Business for Food
Starting a new food business can be an exciting and rewarding endeavour, but it also requires careful planning and execution to be successful. Here's a step-by-step guide on how to start a food business: 1. Identify Your Niche and Concept: Determine ...
GST Applicability & Tax Rates on IT Sector
Impact of GST on IT Sector The earlier VAT/service tax regime in India was complicated due to multiple taxes, innumerable compliance obligations, and tax cascading. Under the GST regime, it will result in a simpler tax regime, especially for the IT ...
GST Applicability & Tax Rates on Consumer Goods
Introduction Goods and Services Tax (GST) is a comprehensive indirect tax that was introduced in India on July 1, 2017. It replaced a complex web of indirect taxes, such as Value Added Tax (VAT), Central Excise Duty, Service Tax, and more. One of the ...
How To Export From India To Any Other Country
Export is one of the major components of international trade. Exports facilitate international trade and stimulate domestic economic activity by creating employment, production, and revenues. Businesses export goods and services where they have a ...
How To Start New Business for Freelancer
The world of work has undergone a significant transformation in recent years, with the rise of the freelance economy. More and more individuals are choosing to become freelancers, enjoying the benefits of flexibility, autonomy, and the potential for ...
GST Applicability & Tax Rates on Export of Goods & Service
GST Applicability & Tax Rates on Export of Goods & Service As of my last knowledge update in September 2021, I can provide you with information on the applicability of Goods and Services Tax (GST) and tax rates on the export of goods and services in ...
GST Applicability & Tax Rates on Food Delivery Services
In the age of digitalization and convenience, food delivery services have become an integral part of modern life. From local restaurants to global chains, these services offer a vast array of culinary delights right at our doorstep. However, the tax ...
GST Applicability & Tax Rates on Digital Marketing
GST Applicability & Tax Rates on Digital Marketing GST Applicability: Digital marketing services are considered services and, therefore, are subject to GST in India. GST is applicable to all businesses providing digital marketing services if their ...
GST Applicability & Tax Rates on Jewellery
What is GST on Gold? The Goods and Services Tax (GST) significantly impacted the gold market. For the most part, the price of gold is not subject to the same GST rate at all levels, from purchasing to manufacturing. Consequently, the supply of the ...
GST Applicability & Tax Rates on E-commerce
In recent years, the landscape of commerce has undergone a significant transformation, with e-commerce emerging as a dominant force in the global economy. India, with its burgeoning digital marketplace, has been no exception to this trend. The growth ...
GST Applicability & Tax Rates on Tourism and Hospitality
Tourism and hospitality sectors play a pivotal role in the Indian economy, and understanding the Goods and Services Tax (GST) implications on these industries is crucial for businesses and travelers alike. In this guide, we will delve into the ...
GST Applicability & Tax Rates on Logistics
Introduction Goods and Services Tax (GST) was introduced in India on July 1, 2017, with the aim of simplifying and unifying the country's indirect tax system. The logistics industry plays a crucial role in the supply chain, and GST has brought about ...
GST Applicability & Tax Rates on Retail & E-commerce
The Goods and Services Tax (GST) has transformed the taxation landscape in India since its implementation on July 1, 2017. It has replaced a complex web of indirect taxes, making it simpler for businesses and consumers alike. In this article, we will ...
GST Applicability & Tax Rates on Manufacturing
Introduction Goods and Services Tax (GST) is a fundamental indirect tax reform introduced in India on July 1, 2017. It replaced a complex web of central and state taxes, such as Excise Duty, Value Added Tax (VAT), and Service Tax. This article ...
GST Applicability & Tax Rates on Real Estate
GST Applicability & Tax Rates on Real Estate Introduction Goods and Services Tax (GST) is a significant tax reform introduced in India on July 1, 2017, aimed at simplifying and unifying the country's indirect tax structure. In the context of real ...
GST Applicability & Tax Rates on Travel
GST Applicability & Tax Rates on Travel Introduction Goods and Services Tax (GST) is an indirect tax system that was introduced in India on July 1, 2017, replacing various state and central taxes like Value Added Tax (VAT), Central Excise Duty, ...
GST Applicability & Tax Rates on Health Care
GST for Health Care The 47th GST Council meeting has clarified that doctors’ services provided in the form of Assisted Reproductive Technology (ART) or In vitro fertilisation (IVF) will be exempt from GST, as they fall under the definition of ...
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