Common GST Compliance Mistakes Business Owners Make (And How to Avoid GST Penalties in India)
If you run a business in India, GST is not a theory. It is a monthly reality. It shows up in your invoicing, your vendor payments, your pricing decisions and, sometimes, your stress levels at the end of the month. Most GST Compliance issues do not start dramatically. They start quietly. Accounts are slightly delayed. […]
GST on Rent on Immovable Property : Exploring the Less Known
Its not very often that we get to hear about GST on rent, isn’t it?! After all, when was the last time we paid GST on the rent that we incur for staying in apartments! But here’s a catch. It’s a very different ballgame for business owners altogether. The taxation Advisory scenario for rental income […]
How GST Rate Changes Impact Goods Transport Agencies (GTA) – ATMS Advisors Insights
1. What is GTA under GST? GTA means Goods Transport Agency. As per the GST Act, a GTA is any person or company that issues a consignment note for carrying goods by road. In simple words: if you are a transporter and you give a bilty/consignment note, then you are treated as GTA under GST. […]
Import of Services Hack to Save 18% GST
The Hidden GST Trap That’s Costing Your Business Money! Are you making payments to LinkedIn, ChatGPT, or other foreign service providers? You could be losing 18% GST unnecessarily! This newsletter reveals the simple trick to save thousands on your GST payments. What is Import of Services Under GST? Import of services occurs when: Service provider […]