Tag

img
GST AND INFLATION IN INDIA
09Jun 2020

GST AND INFLATION IN INDIA

GST is going to be implemented on 1st July’17 and this has raised a lot of questions in people’s minds. Questions like: “What will become cheaper, what will become more expensive, which industries will get affected the most?” etc. have been looming around everyone’s minds. As we arrive closer to the date things seem to …

Read More
13Dec 2018

FILE GST RETURNS FOR FY18-19 ONLINE

HOW TO FILE GST RETURNS As of 1st July 2017, India saw a new tax reform coming into the act. The goods and service tax, aka GST, is the single indirect tax levied on goods and services of business entities. It is the single tax that ventures have to pay cutting out different tax heads …

Read More
12Dec 2018

HOW TO CHECK GST REGISTRATION STATUS

GST APPLICATION STATUS With the goods and service tax aka GST rolling into India from 1st July 2017, there are quite a few terms and terminologies that came into the picture as well. A well furnished large-scale firm can hire accountants and accounting software’s to get through all of this, however, the small and medium …

Read More
12Dec 2018

GST VERIFICATION ONLINE | SEARCH GSTIN NUMBER

GST VERIFICATION All taxpayers are given a unique identification number aka the GSTIN that combines all the registered taxpayers on a single platform for compliance and administration purposes. Every business entity that surpasses the threshold level (a turnover of more than Rs. 20 Lakh annually) to pay tax then has to register them on the …

Read More
04Dec 2018

COMPOSITION SCHEME UNDER GST

Composition Scheme Under GST Latest Updates: Composition Scheme limit hiked to Rs 1.5 Crore from April1-2019 says Finance Minister Shri Arun Jaitley Composition scheme under GST The Goods and Service Tax, aka GST, has been a game changer in the field for accounting purposes in business. It has cut down on all the overhead various …

Read More
02Dec 2017

WHY PEOPLE ARE STILL CONFUSED 3 MONTHS POST-GST LAUNCH

Goods and Services Tax (GST) was launched in India on 1st of July 2017. It created all kinds of noises, both good and bad, and finally, amidst a lot of dilemmas, this historic step was taken. It has been 3 months since GST came into effect but if you ask around, you will discover there is still …

Read More
THE ONLY 5 GST QUESTIONS THAT MATTER TO ALL OF US
21Aug 2017

THE ONLY 5 GST QUESTIONS THAT MATTER TO ALL OF US

GST has united India under a single tax rate but also created a set of questions which plague one and all. Here is a lowdown on the 5 most important questions related to GST and how it is impacting our daily life. What is the final tax slabs on your daily bills? Hotels and Lodges- For …

Read More
29Jun 2017

WINNER AND LOSERS OF GST

GST will be implemented on 1st July’17, and it will impact different sectors differently. Some things will see a price rise while some will see a price fall. This will impact a few industries adversely while a few will be boosted. The overall impact will be positive; however, there will be some inflationary pressure in the …

Read More
INTRODUCTION TO GST
20Jun 2017

INTRODUCTION TO GST

For many years the average Indian businessman has toiled with incessant payment of taxes at different levels.  With the introduction of GST, this cascading effect of the tax is eliminated. GST merges all the taxes prevalent presently into a single system of indirect taxation. GST in India is a destination based* taxation system. This is …

Read More