HSN stands for Harmonized System of Nomenclature, and is used to classify goods in a systematic manner.
The GST Composition Scheme is ideal for businesses with a turnover of less than Rs 1.5 crore in a financial year. Read all about the composition scheme here.
GST offers numerous benefits to startups like simple tax processes, online procedures and ease of doing business.
What determines if CGST, SGST or IGST is applicable? What is Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST)? Read to know.
The COVID-19 outbreak has disrupted the world’s economy. Several measures…
Invoices form an integral part of any business transaction. The right kind of invoice is to be attached while uploading returns to get tax benefits.
GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
Understanding reverse charge mechanism can help businesses surmise their transactions in a more comprehensive manner.
From a taxation perspective, freelancers fall under small businesses. And paying taxes is considered a civic duty.
Here are the various tax exemptions and incentives available under Startup India.