Implementing the Goods and Services Tax (GST) in India was a major step in the tax system. It aimed to simplify the tax structure that had formerly been rather complex for the general public, the Government, and corporations. The GST tax slab rates have been updated periodically under the GST Council’s judgments. Numerous state legislatures …
Read MoreGST 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 MoreHaving understood what GST is all about, let us look at the implications it might have on e-commerce vendors. Since most of our clients are in the e-commerce space, this will be interesting to read. Read on to find out everything there is to know about GST and its impact on your business. Do share …
Read MoreFor 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 MoreAlthough the final list of items proposed under GST has not been released yet, there is speculation and news regarding a few items. It is surprising to read them under the highest tax bracket of 28%! Comment below to express your views on the same. Lottery Tickets: Many states receive a lot of revenue because of …
Read MoreGST is going to be implemented in less than a month, and its implementation brings forth an atmosphere of ambiguity for businessmen in India. Its impact on consumers, businessmen, the government and the entire nation will be both monumental and notable as it’s the biggest tax reform in the country since independence. Though its positive …
Read MoreWhat is a business loan? Business loans have seen an entire transition phase in India. Right from heavily secured business loans to now availing security-free loans the business loan transition has been quite convenient. A business loan can be taken for an existing business, a new venture, or a start-up. Business loans help you enhance …
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