Law firms with annual billings of $1 million or more are required to register as taxable persons under the Goods and Services Tax Act. This article discusses the legislative provisions with special relevance to the practice of law and the GST treatment of legal services.Lim, Charles Aeng ...
GST registration is the process of obtaining a unique identification number for a business liable to pay Goods and Services Tax (GST). As per GST law, The firms with an annual turnover of more than Rs. 40 lakh (or Rs. 20 lakh for some special category states) must register as normal ...
Thang Tax Law and Simon Thang recognized for Expertise in Tax Law We are pleased to announce that Thang Tax Law has been recognized in the inaugural 2025 edition of Best Law Firms™ – Canada for Tax Law. In addition, Simon Thang was selected by his peers for inclusion in the 19ᵗ...
GST can decrease the aggregate tax burden on trade and business, leading to reduced costs and more demand, which will subsequently contribute to greater productivity and improved industrial growth. There is an expectation that local consumption will grow, giving local firms more opportunities and creat...
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We are passionate about providing clients with an objective viewpoint and insightful advice on their businesses. MANAGING PARTNER FOR GST CA RAMAN SINGLA B.Com (H), LL.B, FCA GST Advisory & Consultancy CA Raman Singla is an exemplary Chartered Accountant, a Law Graduate and a first-class ...
Later, it was expanded to include small and medium-sized firms. E-invoicing refers to sending a previously prepared standard invoice on a common e-invoice, not creating invoices on the GST site. Each invoice will receive an identification number under the electronic invoicing system from the ...
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The World Bank mentioned that the GST law was too complex for a country like India, considering the multiple systems within the country that it has to govern. They also mentioned that 28% on tax is the second highest tax rate ever, from their sample of 115 countries. Till date, the sy...
The above shall be computed on all India basis and excludes taxes charged under the CGST Act, SGST Act and the IGST Act. What are the categories not included under GST in India? As per GST Law, aggregate turnover does not include value of supplies on which tax is levied on reverse char...