GST is paid by the buyer, but the seller collects and remits it to the government. Businesses with GST registration in Chennai must charge GST on sales and file returns....... Read More
Author: solubilis
Businesses with turnover below ₹40 lakhs (₹20 lakhs for services) can avoid GST. Small businesses under the Composition Scheme also pay lower taxes. Agriculturists and exempted goods/service providers are not...... Read More
Businesses with an annual turnover below ₹40 lakhs (₹20 lakhs for service providers) are exempt from GST registration. However, in special category states, the limit is ₹20 lakhs for goods...... Read More
No, IEC is mandatory for exporting goods and services, except for specific exemptions like personal use or government-notified cases. Without an IEC, businesses cannot legally engage in international trade. To...... Read More
No, IEC is essential for exporting goods and services, with limited exemptions like personal use or specific government cases. Without an IEC, international trade is restricted. To avoid legal issues...... Read More