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The Consequences of GST Non-Compliance: Penalties, Late Fees, and Legal Ramifications

Introduction Goods and Services Tax (GST) has streamlined India’s indirect tax structure but also has strict compliance requirements. Non-compliance with GST regulations can lead to severe penalties, legal consequences, and financial setbacks for businesses. This blog will explore the consequences of GST non-compliance, from late filing fees to criminal charges, and provide insights on how […]

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Understanding the Differences Between Direct and Indirect Taxes

Introduction: Direct taxes are those paid directly by individuals or organizations to the government, such as income tax and corporate tax, while indirect taxes are levied on goods and services, like GST, and passed on to the consumer. The key difference lies in who bears the tax burden: direct taxes are non-transferable and progressive, targeting

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Step-by-Step ESI Registration Process for Employers

Introduction The Employee State Insurance (ESI) scheme provides essential social security benefits to Indian workers. Employers are required to register their establishments with the Employee State Insurance Corporation (ESIC) to ensure compliance. This article explains the ESI registration process, the required documents, and the compliance obligations. What is ESI, and Why is Registration Important? The Employee

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