GST
Unraveling the Complexities of GST: A Comprehensive Guide for Small Businesses
Navigating the labyrinth of taxation can be a daunting endeavor, especially for small businesses striving to establish their foothold in the market. Amidst the myriad of tax laws and regulations, the Goods and Services Tax (GST) stands as a pivotal cornerstone of India’s tax regime. Introduced with the aim of simplifying taxation, promoting economic growth, […]
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Why GST Registration is important for your company?
GST Registration is important and mandatory compliance for every business entity in India as per their eligibility criterion. Any company or entity who do not obtain registration under GST is liable for a penalty.
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HOW TO CLAIM REFUND UNDER GST?
Tax refund refers to the money received back from a tax return. They are a return of excess amounts of tax that a taxpayer has paid to the state or central government throughout the past year. GST or Goods and Service Tax is the comprehensive tax that has replaced all other indirect taxes imposed by […]
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HOW IS GST ON EXPORT OF SERVICES LEVIED?
The comprehensive Goods and Service Tax (GST) replaces all other indirect taxes imposed by the state and central government. It is levied on manufacture, sale and use of the goods and services. The government will use the amount collected after levying GST to propel the economic growth of the country. Through this article, we will […]
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AVAILING INPUT TAX CREDIT UNDER GST
Input tax credit is the credit manufacturers receive for paying input taxes towards inputs used in the manufacture of products. A dealer is eligible for input tax credit when he purchases goods for resale. Earlier Input tax credit was available for different indirect taxes, but now, with the new GST scheme it is really important […]
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EFFECT OF GST ON E-COMMERCE SECTOR IN INDIA
E- Commerce Business in India has been taking little steps to evolve in the highly competitive markets. A few years back, no one could expect such online platforms offering excellent services to a huge lot of people. The e-commerce sector has swiftly captured the attention of consumers and is expected to continue its unprecedented growth […]
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