Relief Measures for Taxpayers Announced Under GST Law Due to Severity of COVID Wave
Several concessionary measures were announced by India’s tax authorities due to challenges faced by taxpayers in meeting statutory and regulatory compliances.
GST Applicability on Job Work in India
We explain how India’s GST regime benefits manufacturers/suppliers and job workers, what are the rules of compliance, and how the tax incidence is assessed.
GST Compliances in India: Annual Checklist and New Tasks for FY22
We provide a short checklist of annual GST compliances in India and related tasks for businesses during the new financial year, starting April 1, 2021.
India To Abolish Mandatory Annual GST Audit Requirement
The government has proposed changes to India’s GST audit regime in the Finance Bill, 2021 to ease the compliance burden for businesses and expand the tax base.
India’s Tax Authorities Tighten GST Scrutiny on Small Businesses
India is tightening GST compliance requirements for eligible MSMEs through changes to the GSTR-1 form and payment of a percent of the GST liability in cash.
India’s Tax Authorities Demand GST on Non-Compete Fee, Issue Notices to Firms
Firms in India that have entered into non-complete agreements have to pay 18 percent GST on the non-compete fee.
GST Audit in India Begins for FY2018: What Should Businesses Know
We write about key documents and compliance requirements that businesses should prepare as the first GST audit in India gets underway.
Register Your Business for the GST in India
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.