Tax Residency Certificate (TRC)
Definition
A certificate from a taxpayer's home country confirming residency, used to claim benefits under a double-taxation treaty on cross-border income. It is often required to apply a reduced withholding rate.
Related Terms in India GST
Section 44AE (Transporters)
A presumptive taxation scheme for small goods-transport operators in India, taxing income at a prescribed amount per vehicle per month rather than on actual profit, within a limit on the number of vehicles owned.
GST (Goods and Services Tax)
India's unified indirect tax replacing multiple central and state taxes. After the GST 2.0 rationalisation (effective 22 September 2025) it applies at 0%, 5%, 18%, and 40% rate slabs, plus special rates for precious stones and metals (0.25% / 1.5% / 3%). Includes CGST (central), SGST (state), and IGST (inter-state). HelloBooks fully supports GST compliance.
CGST & SGST
Central GST (CGST) and State GST (SGST) are levied equally on intra-state supplies. For example, 18% GST on a local sale = 9% CGST + 9% SGST. Both go to different government levels.
IGST (Integrated GST)
GST levied on inter-state supplies and imports. IGST equals the full GST rate (e.g., 18% IGST vs 9% CGST + 9% SGST). The central government distributes the state portion to the destination state.
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