GST e-invoice for B2B transactions for entities in India with turnover of INR 100 million (INR 10 crore) and above to be mandatory from Oct 1.
India’s GST regime continues to seek ways to bring transparency and efficiency to the indirect tax collection system.
We explain the withholding tax regime in India, including threshold levels, tax rates, and DTA treaty rates on payments to resident and non-resident firms.
We examine each type of audit under India’s company law and what classes of companies are required to conduct an audit and appoint auditors.
We briefly explain how GST is charged on the advertising sector in India, including liability for e-commerce aggregators.
We discuss some of the most commonly asked questions that we receive from our subscribers regarding repatriating profits from India.
It has been five years since the roll-out of India’s GST indirect tax regime.
India has extended the GST compensation cess for four years, which will keep tax rates high on notified goods like tobacco and cars.