Gurgaon, also known as Gurugram, is a city located in the northern state of Haryana, India. It is a major center for technology and business and has become a hub for startups in recent years. One of the main reasons for Gurgaon’s emergence as a startup hub is its proximity to the national capital, Delhi. …
A Startup is a company or organization that is in the initial stages of operation, often characterized by high uncertainty, risk, and a lack of established performance or revenue. These companies are often working to develop a unique product or service, or to establish a new market. The goal of most startups is to grow …
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What is GST The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It was introduced on July 1, 2017 and subsumed a number of indirect taxes that were previously levied by the central and state governments, such as the Value Added Tax (VAT), …
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Goods and services tax (GST) has come into effect on 01st July 2017 with significant indirect tax reform in the country. GST has subsumed many indirect taxes in the country and made indirect taxes simpler than ever before. Since the day the GST has taken place many drastic changes have been incorporated into the GST …
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The casual taxable person is defined as a person who undertakes the transaction occasionally involving the supply of goods and services, like shops in the fairs and seasonal businesses are required to take GST registration. A casual taxable person should take GST registration prior to the commencement of business. The registration certificate is granted on …
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GST registration applies to all individuals, HUFs, companies and other taxable persons supplying taxable goods and services. GST registration is a process to get themselves registered under the GST act. If any individual is supplying goods or services, he needs to take the GST registration in Gurgaon. GST registration is not mandatory unless the supplier …
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Export of goods and services is the focus area of the government. India is a member of the World trade organization (WTO) since January 1995. India being a member of WTO has promised to provide a concessional rate or tax-free goods and services for exporters of goods and services. The concessions are in two forms …
The service sector is the fastest and largest growing sector in India. India is among the top 10 service exporter countries having a 4.1% share in world commercial service exports in 2020. In the first half of the 2021-22 fiscal year service sector contributed more than 50% of the GDP of India and it is …
This article is not industry specific. The article has been written considering the present situation of GST and overall industries requirement. It will cover general clauses and provisions for export of goods but the specific untouched points will also be included for the reader’s knowledge. As we know that export of goods and services is …
In the current scenario, no borders or boundaries limit a person to do business with India and other countries. In the digital era, making a sale of goods and rendering services in any part of the world is easy and a person can sell his goods and services without any visit to that country where …
