Once you file Form GSTR-1 and provide Export details (Table 6A) along with Shipping bill details having Integrated Tax and Cess levied and also file Form GSTR-3B of the relevant tax period for which refund has to be paid, you are eligible to receive refund on account...
India has emerged as a global hub for outsourcing, offering a unique blend of cost-effectiveness, skilled professionals, and technological expertise. Over the years, businesses across the world have recognized India's potential to provide high-quality services,...
GST (Goods and Services Tax) is an indirect tax introduced in India on 01.07.2017, designed to streamline the indirect taxation system in India. As a comprehensive tax, GST replaced many indirect taxes like VAT, excise duty and service tax in India. It is applied at...
Section 154 of the Income Tax Act, 1961 - Allows assessee to file rectification request of errors apparent on the face of the record in their income tax orders. The Income Tax Department has enhanced its online portal to enable assessee to file rectification...
Cryptocurrency is one of the most highlighted ingenuity of the decade. Various countries deal with cryptocurrencies differently, e.g. in the USA, Bitcoin is treated as an asset. At the same time, Singapore recognizes Bitcoin as a valid currency, and Japan treats it as...
The Indian Government collects taxes that can be classified into Direct and Indirect Taxes. Direct Taxes refer to taxes imposed directly on the income, earnings, or profits of an individual or entity. These taxes are regulated and administered by the Central Board of...
Income Tax Return (ITR) is a formal document used by individuals and entities to report their total taxable income for a specified financial year. It serves as a declaration of income earned, deductions claimed, exemptions availed, and taxes paid. The ITR is essential...
Understanding the taxation of expatriate employees in India is crucial for both individuals and businesses. Navigating the complex tax laws can be daunting, but it’s essential for compliance and financial planning. Now in this blog, we will discuss the taxation rules...
Running a successful business involves a multitude of responsibilities, from managing finances and scaling operations to ensuring compliance with ever-evolving tax laws. While tax season can be a daunting time for business owners, partnering with a tax advisor can...
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