Undeniably, online business or selling through e-marketplace has become not only the most popular channel of conducting business but also this channel of selling or conducting business has become inevitable for any business if it has to survive & grow in the future. It gives a business an infinite reach & makes the entire world… Continue reading
Post Category → GST
Converting proprietorship business to a private limited company
You start a business as a proprietorship. After sometime, the business starts growing, which brings the need to change the constitution of the business from proprietorship to a company due to various factors such as: Need of capital for further expansion of business, saving in income tax through reduced tax rate etc. There are number… Continue reading
GST liability on app developers
Almost every one of us uses some or the other application in our daily life which are developed by app developers and made available to the end users through online stores such as Play store. Now, an important question that might & should arise in the minds of the app developers that whether they are… Continue reading
Legal requirements for selling goods or services through social media platforms like Instagram, Facebook, YouTube etc.
We all have presence in social media. It keeps us connected and makes us approachable. One of the most important & emerging area in Social media would certainly be selling goods or services through Social media networks like Facebook, Instagram, LinkedIn, YouTube etc. While most of us are aware of how to sell the goods… Continue reading
Management & compliance requirements to be met by an Ecommerce business
You have an Ecommerce business. Whether you own an e-commerce portal or you are a seller on portals like Amazon, Flipkart etc. In order to start selling and to meet the compliance requirements, one need to take care of various compliances like GST Return Filing, ITR filing, trademarks, TCS and TDS applicability, etc. All these processes… Continue reading
Process of claiming refund of GST on export electronically
Here, I aim to discuss the new procedures around claiming refund of GST for businesses engaged in export of goods or services. Earlier due to the unavailability of electronic fund module on common portal, a temporary mechanism was devised and implemented wherein applicants were required to file the refund of application and the supporting documents… Continue reading
How to file GST returns for online business?
The trend of selling goods & services online has seen a boost like never-before. It is convenient & economical to sell online and one could take up this business even along-with their ongoing profession/business or Job. The government has also realized the potential of the online ecosystem and that is why we have been seeing… Continue reading
Are doctors required to register under GST?
This article deals with the question- whether GST registration for doctors is required ?The health care sector is one of the biggest sectors in India, is regulated by the Indian Medical Association (IMA). Doctors, apart from engaging themselves in healthcare services by working as doctors and consultants in hospitals, or running their own clinic etc. can… Continue reading
Review of Input tax credit
The GST law aims at providing seamless Input tax credit to the registered persons, which can be claimed by furnishing details of ITC in GST returns. While the missed ITC could be a loss to an entity, an undue or excess claim of ITC could put an entity to a trap of interest, penalty &… Continue reading
Things you need to know to file GSTR 9 & GSTR 9C
Article explains the following: What is an Annual return in GST? Annual return under GST applicability, Due date, late fees and penalty for GSTR 9and GSTR 9C, Details required to be filed in GSTR-9, Documents Required for GST Audit and Due date for GST Annual Return and penalty for late filing of GSTR 9 and… Continue reading