Other Briefings
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.
Impact of GST on Imports and Exports 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.
How to Manage the New GST Audit in India
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.
GST Composition Scheme for SMEs in India
The composition scheme under the Goods and Services Tax allows SME suppliers of goods (intrastate) to file their GST returns at a fixed rate. We discuss the advantages and challenges of the scheme.
GST E-Way Bill Makes Transportation of Goods in India More Efficient
India introduced the e-way bill system under GST in April, 2018 to ensure greater tax transparency and a hassle-free movement of goods from one state to another. Here, we discuss the system and its registration process.
GST Update: Back-Office Support Services to be Taxed in India
Back-office support services in India will not qualify as exports but intermediary services, and will be liable to 18 percent goods and services tax (GST)
