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India’s Goods and Services Tax (GST) regime, which replaced numerous indirect taxes, aims to streamline tax collection, improve transparency, and ensure uniformity across the country. While it offers several benefits to businesses and consumers, it also places significant responsibilities on Read More
A composite supply refers to a combination of two or more taxable goods or services that a seller naturally bundles together and supplies in the ordinary course of business. In such cases, the seller considers one of the goods or Read More
The Reverse Charge Mechanism (RCM) is a provision under the Goods and Services Tax (GST) framework where the responsibility for paying tax shifts from the supplier to the recipient of goods or services. Unlike the traditional tax model, where the Read More
GST registration is crucial for One Person Companies (OPCs) in India that engage in the sale of goods or services exceeding annual thresholds—Rs. 20 lakhs for services and Rs. 40 lakhs for goods. This registration helps OPCs comply with GST Read More
The idea of the GST is first presented in France in 1950s by a French tax official. From that point forward, numerous different nations took on GST similarly however some acknowledged it in VAT for example Value Added Tax Read More
The Goods and Services Tax (GST) is a circuitous expense—tax collection is demanded on the stock of labor and products and is at last paid by the purchaser. The Government of India presented the GST in 2017 under their “one Read More