Category: GST

UNDERSTANDING GST IN INDIA: CONSULTATION, COMPLIANCE, REPRESENTATION, LITIGATION, AND AUDITS

“From the treasury comes the power of the government, and the Earth, whose ornament is the treasury, is acquired by means of the Treasury and Army.” -Kautilya (Arthasastra) INTRODUCTION TO GST 1.1 Background and Evolution of Indirect Taxes in India Prior to the advent of the Goods and Services Tax (GST), India’s indirect tax regime […]

GST REGISTRATION FOR PRIVATE LIMITED COMPANY

INTRODUCTION In India, GST registration for a Private Limited Company is important if its revenue surpasses ₹40 lakhs for goods and ₹20 lakhs for services, or if it does e-commerce or interstate transactions. The Aadhaar and PAN cards of each director, corporate photos, the Certificate of Incorporation, the Letter of Authorization, and evidence of the […]

Everything You Need to Know About the GST Amnesty Scheme 2024–25

INTRODUCTION The GST Amnesty Scheme 2024 introduced as an opportunity for the businesses and taxpayers as it will help in regulating their tax filling without the risk of penalties and interest. It helps in GST late fee waiver and work as GST interest waiver scheme. The scheme has been introduced under section 128 of the […]

GST ON PENS, PAPERS & STATIONERY ITEMS

INTRODUCTION With the implementation of the Goods and Services Tax (GST) in India, the taxation system has become more streamlined, impacting various sectors, including the stationery industry. GST on stationery items has introduced transparency and uniformity, but frequent rate revisions require businesses and consumers to stay informed. The GST rate for stationery items varies based […]

GST MISTAKES THAT EVERY BUISNESS OWNER SHOULD AVOID

INTRODUCTION GST has completely changed the way businesses in India function. It endeavours to streamline the system of taxation, but several businessmen still find it confusing to decode and adhere to its various precepts correctly. Keeping up-to-date with the latest GST Laws is vital for every business owner in 2025. Failure to maintain GST practice management can result […]

UNDERSTANDING THE GST ADJUDICATION PROCESS: FROM DETECTION TO APPEAL

INTRODUCTION The Goods and Services Tax (GST), which took effect in India from 2017, has swept away huge structural changes to the landscape of indirect taxation. GST adjudication lifecycle consists of various stages, starting from detection of anomalies to investigations, to the issuance of SCNs adjudication and appeals. There are legal processes that manage each stage to guarantee […]

GST RATES ON GOLD

Abstract: In this article, we will discuss the impact of Goods and Services Tax (GST) on gold in India, GST rates on gold, GST on old gold exchanges, GST on sovereign gold bonds, etc. As gold holds a significant place in Indian culture and investment portfolios, it becomes crucial to know how GST affects its pricing and […]

GST Registration vs Udyam Registration : Key Differences and Business Requirements

Securing appropriate Business Registrations in India is extremely important for all businesses whether big or small in order to stay compliant with laws, take advantage of benefits offered by government and to avoid future legal penalties. Two such important Business Registrations in India are GST Registration and Udyam Registration, commonly referred to as MSME (Micro, […]

GST on Plots, Property and More

The Goods and Services Tax (GST) 2017, has ushered in substantial changes to the Indian real estate industry today. These changes are impacting land transactions as whole, but also sale of developed plots, completed houses, and townships. Comprehending these implications is important for all developers, investors, and buyers. In order to comply with taxation and […]

GST on Pharmaceuticals, Ayurveda and Medicines

The rollout Goods and Services Tax (GST) has shaken up how the pharmaceutical industry in India handles taxes. When GST kicked off on July 1, 2017, and it took the place of several indirect taxes like VAT, Excise Duty, and CST setting up a single tax system under the government’s vision of One Nation, One […]