CA VK Agrawal

E-Invoicing Under GST: A Critical Analysis

In the 35th meeting of the GST Council, the council has decided to implementation a system of e-Invoicing, which will be applicable to specified categories of persons. The CBIC (Central Board of Indirect Taxes and Customs) formally notified the system of e-Invoicing under GST vide Notification No. 68/2019 – Central Tax, which inserted sub-rules (4), sub-rules (5) and sub-rules (6) under rule 48 of the CGST Rules, 2017 for the… Read More »E-Invoicing Under GST: A Critical Analysis

All About Aadhaar Authentication For Existing GST Taxpayers

The CBIC (Central Board of Indirect Tax and Customs) had released a notification on March’23,2020, about Aadhaar authentication for GST registration from April’01, 2020. The same has been amended vide notification 62/2020 on August’20, 2020 to be made optional. The aadhaar authentication for GST registration is not required for those who are non-residents, persons other than citizens of India, and persons who have already been registered under GST. Aadhaar authentication… Read More »All About Aadhaar Authentication For Existing GST Taxpayers

All About GST On E-Commerce Transaction

In this digital era, day by day e-commerce transaction is increasing rapidly in the view of this even government introduced some new provisions through GST which was not there before the execution of GST laws, E-commerce transactions look a bit complicated because many transactions are happening simultaneously. In e-commerce transactions, the supplier of goods and services may or may not have a permanent office in a taxable territory in which… Read More »All About GST On E-Commerce Transaction

All About Taxation of Digital Businesses

Digital economy is an economy which is digital technology based, although we progressively deemed this as conducting business via those markets which are based on the internet. The digital economy is also known as the Web Economy, Internet Economy or New Economy. Direct Tax in India comes under the Income-tax Act, 1961. Residents are taxed on worldwide income and non-residents only on income whose source is in India. Companies are… Read More »All About Taxation of Digital Businesses

GST E-Invoicing System for E-Commerce Operators

E-Invoicing is also known as electronic invoicing’ creates a system through which B2B invoices are electronically authenticated by GST Network for further use. Under the e-invoicing system, an identification no. will be issued against each invoice by the IRP (Invoice Registration Portal) to be managed by the GSTN (GST Network).   The first IRP was launched by the NIC (National Informatics Centre) at the web address einvoice1.gst.gov.in. All information related… Read More »GST E-Invoicing System for E-Commerce Operators

Trademark Registration Compulsory for E-Commerce Companies

Trademarks are unique signs that are used to identify goods or services from a specific company. Trademarks can be pictures, designs, signs or even expressions. It is important because it differentiates your products from the rest. Trademarks are classified as intellectual property and hence are protected from infringement. Under Trademark Act, 1999, trademarks and its rights are protected. To get the trademark rights you need to register the trademark. Trademarks… Read More »Trademark Registration Compulsory for E-Commerce Companies

Compliance With Amended FCRA 2010 And FCRR 2011- Advisory

The Foreign Contribution (Regulation) Act, 2010 (FCRA) regulates the acceptance of foreign contribution by organizations in India. Due to the wide increase in infractions of FCRA, make strong compliance mechanism became the need of the hour. As provided in the legislative note of the FCR (Amendment) Bill, 2020, the main motto behind this legislation was to prohibit utilization of foreign contribution towards activities against national interest.  The FCRA Act, 2020… Read More »Compliance With Amended FCRA 2010 And FCRR 2011- Advisory

FEMA Regulations Pertaining to Information Technology (IT) Sector

Indian Information Technology industry is one of the rapid growing industries in the country.IT industry comprises of software ITes (Information Technology Enabled Services), BPO (Business Process Outsourcing) industry. IT has been valued contributor to growth of India in the services and rise as the biggest IT Hub in the modern world. This sector has to their credit creation of more than 15 million direct & indirect employment in India. Its… Read More »FEMA Regulations Pertaining to Information Technology (IT) Sector

Section 194-O: TDS On Payment Of Certain Sums By E-Commerce Operator To E-Commerce Participant

According to the Income Tax Act, 1961- Section 194-O describes TDS on Payment of certain sums by e-commerce operator to e-commerce participant. Section 194-O of Income Tax Act, 1961 is introduced with effected from 01 October 2020. As per the Section 194-O where sale of goods or services of an e-commerce participant is facilitated by e-commerce’s operator by their digital platform, such e-commerce operator shall, at the time of amount… Read More »Section 194-O: TDS On Payment Of Certain Sums By E-Commerce Operator To E-Commerce Participant