India Tax and advisory, business entry and consulting services


Tag: India


Single Master form (SMF) for FDI Reporting introduced by RBI

The Reserve Bank of India (RBI) with the objective of integrating the reporting requirements of various types of foreign investment in India, has introduced a single online reporting form known …

GST tweaked again | 22nd GSt council meeting outcomes

Changes in the functioning of Composition Levy For taxpayers under the Composition Scheme, annual applicable aggregate turnover shall be increased to Rs. 1 crore ( this was previously Rs. 75 …

GST : Input tax Credit explained

Input Tax Credit, popularly known as ITC, is a highlight of GST India from its very inception. It is designed to bring Goods and Services Tax (GST) “a seamless flow …

How to furnish letter of undertaking (LUT)/Bond under GST

  The main purpose of Bond or Letter of Undertaking (LUT) is to prevent Cash Outflow from pocket of exporter.‘Export’ and ‘Supply to SEZ units’ is collectively termed as “Zero …

GST Explained in 10 simple Points

What is subject to GST? Goods or services Tax (GST) is applicable on “Supply”. Supply can be of Goods, Services, or a combination of the two. Supplies for this purpose …