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What is GST and How will it affect you ?

What is GST & How does GST Work

A constitutional amendment has been presented by Rajya Sabha in the form of the Goods and Services Tax (GST) in India. This was the most significant agenda of the Prime Minister Narendra Modi’s government to bring an economic reform in the country, which could be accepted for all and which could be accepted by all. …

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Business houses get time till August 16 to opt for GST composition scheme

Business houses get time till August 16 to opt for GST composition scheme

The government on 22nd July has extended the deadline for all kinds of businesses to opt for composition scheme under the GST regime till August 16. A Statement by finance ministry said “With a view to ease the compliance burden of provisionally migrated small taxpayers opting to pay tax under the composition scheme, it has been decided to …

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What Makes GST different from VAT and CST?

What Makes GST different from VAT and CST

Goods and Service Tax (GST) is a type of indirect tax that is levied on the sale of both goods and services. GST consolidates various taxes into one singular entity. It is imposed at every stage of the supply chain; thus, each and every participant in the supply chain has to pay tax. This ensures …

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