GST

⚖️ GST on Legal Services in India: Everything Lawyers & Client

GST /

Reading Time: 3 minutes1 How are legal services generally taxed under GST?Answer:Legal services by individual advocates or law firms (including LLPs) are taxable under Reverse Charge Mechanism (RCM) when provided to GST-registered business entities.Quick Example:🔹 Advocate Shreya provides legal advice to XYZ Pvt Ltd (a GST-registered company).Here, XYZ Pvt Ltd—not Shreya—will pay GST directly to the government under […]

⚖️ GST on Legal Services in India: Everything Lawyers & Client Read More »

Composition Scheme: Who Cannot Opt & Why It Matters

GST /

Reading Time: 3 minutes🤔 Q1: My turnover is under ₹1.5 crore. Am I automatically eligible for the Composition Scheme?A: Not necessarily! While low turnover is a key requirement, certain types of businesses are always excluded, regardless of turnover. 🚫 Q2: Which businesses are always excluded from the Composition Scheme?A: If you’re into manufacturing the following specific goods, you’re

Composition Scheme: Who Cannot Opt & Why It Matters Read More »

GST on Leasehold Rights 2025 | Bombay High Court Stay Explained

GST /

Reading Time: 3 minutes🧩 Q1. What was the real issue before the Bombay High Court? The burning question is: Should GST apply when someone transfers their leasehold rights of land/buildings to someone else? 👉 Tokheim India (P.) Ltd. argued that they were just assigning rights in immovable property—which is not taxable under GST.📌 The tax department, however, said

GST on Leasehold Rights 2025 | Bombay High Court Stay Explained Read More »