Great example, but how does this work with Indian GST? Do you record the GST component separately, or does it all go into the prepaid rent account? The tax implications seem important for Indian startups
What does this mean for Indian consumers? How might this partnership impact the competitive landscape of Indian telecom? And what are the implications for SpaceX's global expansion?
2 replies13 likes
Reyansh Rathod
Entrepreneur • 3m
Friends, have you ever thought that paying tax is our responsibility, but why does it seem like a deep trap? India's tax system is so complicated that the common man gets confused! On one hand, the changing rules of GST, on the other hand, the high r
Traditional businessmen do not want to accept modern ERP system. Who has any idea. Because everybody has to save tax. What everybody does is that they give all the bills and paper bills and He does not add entries to the account.In this way all the G
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0 replies1 like
Recouptax Consultancy Services
Onestop solution for... • 2m
Hi Guys,
Does anyone need help with book keeping, accounting, Gst filing/TDS filing services.
We are offering affordable and reliable services for Individual Tax Filings, Book keeping, Accounting, GST & TDS filings and all other registrations.
0 replies1 like
Chamarti Sreekar
Passionate about Pos... • 28d
BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.
0 replies9 likes
CA Chandan Shahi
Startups | Tax | Acc... • 3m
Here are 10 important accounting tasks to complete before 31-03-2025 to ensure a smooth financial year-end closing and compliance:
✅ 1. Reconcile All Bank Accounts
Ensure that bank statements match the books of accounts. Resolve any discrepancies b
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0 replies2 likes
Ashutosh Mishra
Chartered Accountant • 1y
GST Thread 2
What GST brings along with it -
1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation
Example - If I purchase plastic fr
Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
Taxes on IPL tournaments: ZERO %
Taxes on Research & Development: 18 %
Tax on IPL tickets for common people 18% + GST
28% + Entertainment Tax
Shows the messed-up priorities in this country !