Margesh Rai

E-Invoicing in GST is the submission of a digital invoice for goods and services on a common portal. The invoice got generated in a standard format. The approval of the e-invoice concept under the sphere of GST is helping in increasing the efficiency of the businesses and eases the compliance burden for taxpayers.  GST Council […]

As starting a fruit juice business in India requires a low investment of capital, many small entrepreneurs are considering it as a golden opportunity. A large section of people prefer to have fruit juice squeezed in a hygienic environment, and juice bottles free from preservatives added colors and varieties of flavors. Starting a fruit juice […]

The initiation of FoSCoS for FSSAI license in India will serve all the food business operators with FSSAI licenses and registration along with regulatory compliances. In a statement released on 30th May 2020, FSSAI said that it is on the way to launch its cloud-based, food safety compliance platform to issue licenses and registration to […]

GST council has introduced a composition scheme under GST to reduce the costs for small taxpayers, along with simplifying the compliance process. Small businesses got relief and feel free from the burden of compliance provisions after the emergence of composition scheme in the world of taxes. There is a negligible requirement of maintaining records since […]

Before addressing the applicability of GST on legal services in India, let’s begin with the basic understanding of GST for a better perspective towards the whole concept. Goods and service tax is a comprehensive, multi-stage, value-added indirect tax imposed on the supply of taxable goods and services. The purpose of the presentation of goods and […]

The growth of the packaged drinking water business in India is due to the increasing health issues in today’s time and scarcity of clean drinking water as well. Nowadays, most of the people are advancing towards the use of packaged drinking water, and thus, the packaged drinking water business in India has got the wings […]

The FSSAI standards for alcoholic beverages got mentioned in a notification released on the 5th of April, 2018 by the food regulator, FSSAI. As per the report of Lancet Study, India’s annual alcohol intake has witnessed a lightning-fast rise of 38% in around 7-8 years. Changes in social norms and development in the acceptability factor […]

The purpose behind enacting Anti-Profiteering Measures under GST was to restrict entities from earning huge profits due to Goods and Service Tax. These provisions came into force to subdue unfair profiteering and ensure consumer protection from price hikes. Anti-profiteering measures under GST hold a special place in the Goods and Service Tax regime. After the GST […]

The GST on transportation is applicable on goods along with the passengers pursuing their journey through the roadway, railway, airway, or waterway. It’s an undeniable fact that the transportation industry plays a massive part in the progress of any nation. Moreover, it’s not wrong to say that the growth of the transportation industry and the […]

The trend of cupcake business in India has clinched momentum in recent years. As Indian people have got exposure to desserts sold in the international market, the scope of cupcake business is increasing with each passing day. Structuring of a cupcake shop depends upon the business objectives, short-term plans, and long-term plans of the entrepreneur. […]

Acquiring an FSSAI license for transporters is mandatory in order to get their job managed as well as regulated. All types of transport business operators should obtain this necessary documentation so that they can smoothly perform their business operations in a hassle-free and straightforward way. After conducting a GAP audit, following a patterned transportation level […]

Job work under GST means any treatment or process initiated by an individual on goods belonging to a registered entity. Thus, we can say that job worker is the registered or unregistered person whose job responsibility is managing or processing the goods of a registered entity whereas the principal is that registered person on whose […]

FSSAI, the food regulatory body has envisioned many guidelines for milk products. On the global level, India has earned the repute of being the number one milk-producing nation. As per the Niti Aayog report, the production of milk in India would touch the figure of 300 million Tonnes by 2022. During 2017-18, the per capita […]

GST on food services came to the fore, and still, food businesses are unable to adjust themselves according to the current changes in the system to make room for the new compliance model. Earlier, there was service tax and VAT regime, and then, with the implementation of GST on food services, all the cascading effects […]