GST on Food and Restaurants – Rules & Rates Explained
This article explores the impact of GST on one of our favorite indulgences—food and restaurants. It delves into how GST applies to food items and restaurant services, explaining its effect…
This article explores the impact of GST on one of our favorite indulgences—food and restaurants. It delves into how GST applies to food items and restaurant services, explaining its effect…
GST Rate & HSN Code for Software and Software Services Understanding the taxation framework for software and its services can be challenging, particularly when determining the appropriate HSN code and…
Are you worried about TDS deductions on your interest income when your total income is not taxable? Under Section 194A of the Income Tax Act, banks must deduct TDS if…
If you fall under the higher income tax bracket of 30%, you may be subject to an additional surcharge on your tax liability beyond a certain threshold. Simply put, a…
Paying your income tax accurately and on time is essential for the nation’s economic progress. As a responsible taxpayer, it’s important to be aware of the deductions available under the…
In today’s digital age, many entrepreneurs operate businesses remotely or from home, often without a dedicated office space. In such cases, businesses must register under GST by declaring a place…
As per government regulations, all PAN card holders were required to link their Aadhaar with their PAN by 30th June 2023. This mandate applies to all taxpayers to ensure compliance…
An Input Service Distributor (ISD) is a category of taxpayer under the Goods and Services Tax (GST) system responsible for distributing input tax credits (ITC) related to its GSTIN to…
In India, the Goods and Services Tax (GST) applies to the production and sale of voltage stabilizers and regulators. These stabilizers fall under the Harmonized System of Nomenclature (HSN) code…
The term "cross charge" is not explicitly defined in the GST Act, but it generally refers to the invoicing of goods supplied between distinct entities or persons. What Are Cross-Charge…