India’s unified Goods and Services Tax (GST) integrates several central and state taxes with the goal of making business easier to conduct.
India’s GST is one of the world’s most complex laws of its kind and includes the world’s second highest tax rate, according to the World Bank’s bi-annual India Development Update. Under the GST Act 2017, any “person” who engages in economic activity including trade and commerce is treated as a taxable person; this includes charitable organizations. GST is regulated by the Ministry of Finance.
This FAQ answers some of the most common questions about the GST, with a focus on nonprofits.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.