The full form of GST is Goods and Services Tax. It is an indirect tax levied on the supply of goods and services across India. This comprehensive tax system is designed as a multi-stage, destination-oriented tax applied at each point of value addition in the supply chain. By replacing mul...
Whereas, in the case of the e-payment mode, the taxpayers get the option of making online payments of their direct taxes. They can choose to pay it through net banking of any authorized bank in India. Not everyone is allowed to go for a physical mode of tax payment, and one can discu...
Property tax is an advance that Municipal Corporation or local governing bodies levies on all tangible realty assets of their respective area. In India, every property owner is liable to pay property tax to help the Government upkeep maintenance of public services. ...
In India, the tax system is unique and different compared to other countries. If you are running your business in India, I'm sure you have come across this term known as'GST Cess.' So, what is a 'GST Cess?' Let me start by explaining the word 'cess.' According to the dictionary,...
When operating in Singapore, you’re assigned a unique Tax Identification Numbers (TIN) for tax filings, opening bank accounts and other matters.
Implementation in India:In India, HSN codes are used under the Goods and Services Tax (GST) regime. Businesses must use HSN codes when filing GST returns, ensuring proper classification and taxation of goods. The number of digits required (4, 6, or 8) depends on the business’s turnover....
GSTIN (Goods & Services Tax Identification Number)is a15-digit unique identifierassigned to every GST-registered taxpayer, including businesses, firms, dealers, and suppliers, under theGST regime in India. It is mandatory for businesses engaged in taxable supplies and is issued upon successful GST ...
What is the Purpose of Having a UTR Number? A UTR number serves as a unique identifier for tracking financial transactions. While it’s widely known for its role in NEFT and RTGS transfers, it also plays a crucial role in keeping tax records organised for individuals and businesses. If you...
Taxation and compliance:Be aware of the tax implications of commodity trading in India. Depending on your trading activity, commodities may be subject to capital gains tax or other taxes. Ways To Invest in Commodity Trading Depending on the type of commodity, traders can find different ways to ...
The only difference is tax rate types are not supported. Taxable Document.version.82.xml Taxable Document (India).version.82.143.xml Tax (India GST).version.82.143.264.xml Improve GTE calculation performance by skipping model mapping This feature was released in 10.0.2, but more details ar...