by Audit Analyst | Jan 2, 2026 | GST
Right to Registration and Compliance Eligible businesses have the right to obtain GST registration under the law Taxpayers can cancel or amend registration based on business needs Right to access and operate GST portal with personal credentials Entitled to receive a...
by Audit Analyst | Jan 2, 2026 | GST
Classification of Software Services Software development, customization, and implementation are treated as services under GST Packaged software sold with license keys is categorized as goods Cloud-based software or SaaS platforms are classified as Online Information...
by Audit Analyst | Jan 2, 2026 | GST
Online Gaming Online gaming includes skill-based games, chance-based games, or mixed models Examples include fantasy sports, poker, rummy, e-sports, and betting platforms Regulated under IT laws and subject to indirect tax policies GST classification depends on...
by Audit Analyst | Jan 2, 2026 | GST
Scope of Taxation Financial services include banking, insurance, fund management, brokerage GST applies to fee-based services like account maintenance, advisory, processing Interest on loans, deposits, and securities is exempt under GST Transaction-based charges...
by Audit Analyst | Jan 2, 2026 | GST
Applicability on Credit Card Transactions GST is not levied on credit card purchases directly by the cardholder Goods/services bought using credit card are taxed as per usual GST rules The merchant charges GST on the invoice and remits it to the government The payment...
