Chartered Accountant Firm

  Investing in international companies like Apple, Tesla, Google, Amazon, and Microsoft has become increasingly popular among Indian investors. With easier access to global stock markets through digital investment platforms, many Indians are diversifying their portfolios by buying foreign shares. However, understanding the taxation of foreign shares in India is essential to avoid penalties, double taxation, and compliance issues. In this detailed guide, we will explain how foreign shares are taxed in India, including capital gains tax, dividend taxation, disclosure requirements, and ways to reduce tax liability legally. What Are Foreign Shares? Foreign shares refer to stocks of companies that are listed outside India. Indian residents can invest in these shares under the Liberalised Remittance Scheme (LRS) issued by the Reserve Bank of India (RBI). Examples include investments in: US stocks such as Apple, Tesla, Amazon, and Meta UK-listed companies European and Asian market equiti...

  In the era of digital taxation and GST compliance, the E-Way Bill system has become an essential part of goods transportation in India. Businesses involved in the movement of goods must ensure proper documentation and compliance to avoid penalties and disruptions. One of the most common compliance issues faced by taxpayers is the non-generation of an E-Way Bill. The  Consequences of Non-Generation of E-Way Bill   can be severe, ranging from monetary penalties to seizure of goods and vehicles. At  Mohit S. Shah & Co , we regularly assist businesses in understanding GST compliance requirements and avoiding costly legal complications. In this blog, we explain the legal implications, penalties, and practical impact of failing to generate an E-Way Bill under GST law. What is an E-Way Bill? An E-Way Bill is an electronic document required for the transportation of goods valued above the prescribed limit under the Goods and Services Tax (GST) regime. It is generated t...

  Input Tax Credit (ITC) is one of the most important benefits available under the GST regime in India. It helps businesses reduce their tax burden by claiming credit for the tax already paid on purchases. However, the issue of  ITC Reversal on Fraud Suppliers   has become a major concern for taxpayers across industries. Many genuine businesses are receiving GST notices because their suppliers were found to be non-compliant, fake, or involved in fraudulent activities. In recent years, GST authorities have increased scrutiny on transactions involving suspicious suppliers. As a result, businesses must understand how ITC reversal works, the legal implications, and the preventive steps they should take to protect themselves from penalties and litigation. At  Mohit S. Shah & Co , we help businesses navigate complex GST matters, including ITC disputes, GST audits, and compliance issues related to fraudulent suppliers. Understanding ITC Under GST Input Tax Credit allows...