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As a GST registered supplier, one is required to provide GST compliant invoices to customers or clients. Not every tax invoice is GST-compliant though..
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With lesser compliances required and lower costs incurred, LLPs are an easier route to set up a business in India as against a private limited company.
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Income tax law imposes tax on profits & not income. Thus, out of income earned, freelancers can deduct business expenses to calculate the profits and pay tax on such profits.
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