CA Sneha Joshi

I have been getting 5-6 calls a week from small business owners confused about GST on rent. Let me clear this up once and for all. THE BASIC RULE (post July 2022 amendment) If you are a REGISTERED business and you take a property on rent — you must pay GST under Reverse Charge Mechanism (RCM) even... Show more

The GST Composition Scheme was designed to simplify compliance for small businesses. Five years in, let me give you an honest assessment of whether it still makes sense. WHAT IS THE COMPOSITION SCHEME? Instead of filing monthly GSTR-1 and GSTR-3B, pay a fixed percentage of turnover as GST and file... Show more

The GST Composition Scheme was designed to simplify compliance for small businesses. Five years in, let me give you an honest assessment of whether it still makes sense. WHAT IS THE COMPOSITION SCHEME? Instead of filing monthly GSTR-1 and GSTR-3B, pay a fixed percentage of turnover as GST and file... Show more

I have been getting 5-6 calls a week from small business owners confused about GST on rent. Let me clear this up once and for all. THE BASIC RULE (post July 2022 amendment) If you are a REGISTERED business and you take a property on rent — you must pay GST under Reverse Charge Mechanism (RCM) even... Show more