GST registration enables goods and service providers to collect GST from their customers. In this article, we enumerate the rules and regulations for registering under GST, as well as penalties for noncompliance.
Learn about the new income tax returns (ITR) forms for financial year (FY) 2018-19 and assessment year (AY) 2019-20 as well as their applicability.
The last date for filing income tax returns for FY 2018-19 (AY 2019-20) is August 31, 2019. Use our income tax calculator to determine your tax obligations in India.
The latest issue of India Briefing Magazine – “The Goods and Services Tax in India”, is available for download from the Asia Briefing Publication Store.
In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. This article aims to help you determine your tax liability on gains arising from the transfer of property or financial assets in India.
Launched on July 1, 2017, the GST has changed the way businesses are done in India. In this article, we examine the impact of GST on imports and exports.
The purpose of GST audit is to allow taxpayers to assess their own tax liability without any intervention from tax authority. The last date for filing GST audit report for fiscal year 2017-18 is June 30, 2019.
Tax incentives are available to businesses in India depending on the economic activity, industry, location, and size of the firm. In this article, we answer FAQs on applying for tax incentives and tax breaks in India.