by user | May 2, 2020 | Uncategorized
Current GST Rates for Medical Equipment (Mask, Sanitizer, PPE Kit) The demand for medical equipment such as Diagnostic Test Kits, Surgical Masks, Blood Test Strips, Sanitizers, etc. has increased after the outbreak of COVID-19 Pandemic. It is essential to have an idea...
by user | Mar 2, 2019 | Uncategorized
How do we determine whether IT services provided by us constitute export of service? As per Sec 2(6) of IGST Act: “Export of Services” means the supply of any service when,–– (i) The supplier of service is located in India; (ii) The recipient of service is located...
by user | Feb 27, 2019 | Uncategorized
Even businesses that have no requirement to register under the Goods and Services Tax may opt for voluntary registration under GST even if you are not liable to be registered. All the provisions of GST applicable to a registered taxable per son will similarly apply to...
by user | Feb 20, 2019 | Uncategorized
Let’s discuss cases that will NOT be treated as Export of Service under GST but seems to be Exports on the face. Also GST shall be applicable under supply of service in all the cases accordingly:- CASE -4: SUPPLY OF SERVICE TO A PERSON LOCATED OUTSIDE INDIA WHERE...
by user | Feb 15, 2019 | Uncategorized
An NRI (Non-Resident Indian) with earnings both abroad and/or in India often faces difficulties in managing their finances. They also find it difficult to track bank accounts across countries, and also while repatriating money to their home country or family back in...
by user | Feb 10, 2019 | Uncategorized
TAXABILITY OF LONG-TERM CAPITAL GAINS ON SALE OF LISTED EQUITY SHARES ETC. Long term capital gains(LTCG) arising from transfer of long term capital assets, being equity shares of a company or an unit of equity oriented fund or an unit of business trusts, is exempt by...
