Kanakkupillai.com's blog

The fact that Direct Taxes collection by the Indian government for 2018-19 has fallen in need of it’s original target of Rs. 12 Lakh Crore is old news and Kanakkupillai team has already shared this update earlier with it’s readers.

Realizing this shortfall’s implication on fiscal budget, central government is exploring the likelihood to implement another robust measure to contain this evasion especially in B2C segment, additionally to steps taken earlier.

Check out the GST on advance payment received in India
Usually, GST in India is applied on a supplier for providing goods and repair and it generally imposed at the time of receipt of payment. But there are some cases during which an advance payment is first given by the one that receives the products and services or both to the supplier. Just, undergo the pertinence of GST on advance payments and why we take GST input on advance payment during this article.

As per the GST Regime, businesses or business owners whose turnover exceeds Rs. 40 lakhs is required to register under GST as a traditional taxable person and Rs 10 lakhs threshold limit for businesses operated in NE and hill states. the method of registration under the GST Regime is named GST registration.

It is mandatory to register under GST for nearly all the business. If the corporate or business carries on business activities without registering under GST, it's considered an offence as per the GST rules and heavy penalties are going to be levied.

India is a nation during which Agriculture is its largest contributing sector. Small scale agriculture has been nontaxable under GST and most of the essential agricultural products which are sold in fresh form don't have any GST. However, GST compliance and GST registration could also be mandatory for giant scale farmers and agricultural companies. during this article, we glance at the impact of GST on the agriculture sector.

Shifting of Registered office within the nearby limit of metropolis, City or village to a special area in inside the limit of identical city, city or village

This is a enumeration within the steps of adjusting registered office of company in India from one particular state to a special , which to our belief goes to be beneficial for those entrepreneurs and start up businesses who shall change their registered office from the prevailing ROC jurisdiction to a special ROC jurisdiction i.e through the state during which the registered office is presently located to a fresh means .