Regardless of the taxpayer's turnover limits, GST registration applies to all commission and brokerage revenue. Who acts as a broker and commission agent under GST? A person who takes on the business of supplying goods or services on behalf of another person is referred to as an agent under the GST law (principal). A broker, commission [...]
A works contract is primarily a service contract with the possibility of item supply as part of the contract's execution. A works contract, by definition, is a formal agreement to do work or other obligations in exchange for money, such as construction, installation, modification, repairs, maintenance, or renovation of any immovable property. A subcontract for building [...]
There are various steps to follow to register a software company in India. There is a big rise in Software companies in India recently with India being the 3rd largest startup ecosystem in the world. Thus, let’s talk about the procedure to start a software company in India. Before starting a software company let’s comprehend growth [...]
GST Registration Certificate is given to GST-registered individuals. Those that have a GST registration certificate are expected to show it prominently in their place of business. The method of obtaining a GST certificate is relatively simple. In this post, we'll go over how to get your GST certificate from the GST Portal. Introduction to GST Registration [...]
Introduction With the Introduction of this act, there were minor changes introduced on commercial rental income, the limit was 10 Lakh for commercial rental income, with the introduction of GST it raised to 20 lakhs. Since rent has been an important source of income for many and here so the implementation of GST on commercial rental [...]
'Inventory Management is stock management'.The discipline carryout stocks. Meaning of inventory Inventory is a list of tangible materials and goods that carry economic value and detains in variant forms by the firm, business or the companies. It is the finest asset for business retained for an optimum goal of resale. Inventory is a tag for goods [...]
