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Blogs by: steffy
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June 6, 2023 By Steffy A
All About GST simplification using LUT for exportersGST Simplification Using LUT for Exporters: Explained Introduction Exporters operating under the Goods and Services Tax (GST) regime often deal with various compliance requirements, including tax payments, return filing, documentation, and record maintenance. Although exports are treated as zero-rated supplies […]
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June 3, 2023 By Steffy A
Section 194P of Income Tax Act: Senior Citizen GuideSection 194P of Income Tax Act: A Guide for Senior Citizens Introduction The Section 194P of Income Tax Act was introduced through the Finance Act, 2021 with the objective of simplifying tax compliance for senior citizens. Many elderly taxpayers depend […]
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May 24, 2023 By Steffy A
Section 80GGC Deduction for Political Donation in IndiaSection 80GGC Deduction: Eligibility, Limit and ITR Filing Introduction Section 80GGC deduction allows eligible taxpayers to claim a tax deduction on donations made to registered political parties or electoral trusts through non-cash modes. Until FY 2025-26, this benefit was governed […]
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May 18, 2023 By Steffy A
False Information in DIN Application: Legal ConsequencesFalse Information in DIN Application & Its Legal Consequences Introduction A Director Identification Number, commonly known as DIN, is a unique identification number allotted to an individual who intends to become a company director. A person seeking DIN before appointment […]
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May 18, 2023 By Steffy A
Benefits of GST LUT for filing GST returnsBenefits of GST LUT for Exporters: Complete Guide Introduction Understanding the benefits of GST LUT for Exporters is essential for businesses involved in international trade. A GST LUT allows eligible exporters to export goods or services without payment of IGST, […]
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May 17, 2023 By Steffy A
GST LUT on Invoicing and Accounting: Guide for ExportersGST LUT on Invoicing and Accounting: Impact on Export Businesses Introduction Understanding GST LUT on invoicing and accounting is essential for exporters who want to manage GST compliance efficiently while maintaining healthy cash flow. A Letter of Undertaking (LUT) allows […]
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May 15, 2023 By Steffy A
GST LUT vs IGST Refund for Exporters: A Detailed GuideGST LUT vs IGST Refund: Which Option is Better for Exporters? Introduction Understanding GST LUT vs IGST Refund is important because the choice directly affects cash flow, compliance, and refund procedures. When exporting goods or services from India, businesses have […]
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May 9, 2023 By Steffy A
Foreign Company Subsidiary in IndiaForeign Company Subsidiary in India: A Comprehensive Guide Introduction A Foreign Company Subsidiary in India is one of the most preferred business structures for overseas companies seeking long-term growth and expansion in the Indian market. India’s large consumer base, skilled […]
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May 2, 2023 By Steffy A
Form ITR-5 Filing AY 2026-27 : Due dates & updatesForm ITR-5 Filing : Eligibility and Due Dates for 2026 Introduction Form ITR-5 Filing is a must in India for firms, LLPs and some other entities to report their income. Many businesses get confused about who needs to file when […]
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