E-commerce businesses find themselves in a unique position under the Goods and Services Tax (GST) regime, thanks to provisions like Tax Collection at Source (TCS). The definition of e-commerce under GST encompasses a wide range of digital transactions involving goods, services, and digital items....
In a bid to bolster GST collections, the Directorate General of GST Intelligence (DGGI) has initiated investigations into the operations of 18 foreign shipping lines with offices in India....
In the realm of tax revenue, a significant trend is emerging as Personal Income Tax (PIT) is poised to surpass Corporate Income Tax (CIT) for the second consecutive year, according to recent data from the Income Tax department. This fiscal year, FY 2023-24, also anticipates...
In the realm of taxation, the concept of reverse charge mechanism (RCM) plays a crucial role, particularly when dealing with scenarios where outward supplies are exempt from tax. Understanding the applicability and implications of RCM on input services becomes essential for businesses operating under such...
Entrepreneurship thrives on innovation, and start-ups play a crucial role in driving this innovation forward. However, the journey of a start-up is fraught with challenges, particularly in competitive markets. To foster growth and provide support to budding entrepreneurs, the Indian government offers the Start-up India...
In the dynamic realm of commerce, a trademark stands as a beacon, guiding consumers towards products and services while embodying the essence of a brand. Its significance reverberates throughout the business landscape, particularly in regions like India where competition is robust and innovation abundant. This...
Non-Banking Financial Companies (NBFCs) are instrumental in filling the financial gaps left by traditional banking institutions, especially in catering to segments overlooked by banks. With Rajasthan offering a conducive environment for NBFC operations, understanding the nuances of NBFC registration in the state becomes paramount. In...
Corporate Social Responsibility (CSR) stands as a pivotal aspect of contemporary business practices, mandated by regulatory frameworks in various jurisdictions. This article delves into the realms of CSR, examining its applicability, implementation strategies, and the significance it holds for businesses and society alike....
Since its inception on July 1, 2017, the Goods and Services Tax (GST) has revolutionized India's tax system, replacing previous indirect taxes like VAT, Excise duty, and Service tax. Royalty denotes payments made by one entity to another for utilizing intellectual property such as patents,...
In India, compliance with the Companies Act, 2013, mandates that every registered company submits annual returns and financial statements to the Registrar of Companies (RoC). E-Form AOC-5 serves as a crucial document encompassing financial statements and requisite information for RoC submission....
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