Transitioning under the GST is imperative for all businesses once the GST regime sets in. Every business must understand what category it falls under to ensure smooth transitioning from the erstwhile indirect tax regime into the GST regime. Review...
Upon GST transition taking place all over the country, you need to be updated with the basics. This article is going to help you understand all you need to know with respect to your business and compliances that you...
Returning a good once sold is very common – even for business during the course of trading. Under the erstwhile indirect tax regime, once a good is returned it has a reducing effect on the total sales turnover of...
The Goods and Services Tax, popularly known as the GST is a single unified tax system whose primary focus is to consolidate the several tax systems that have plagued India’s current tax regime. You may have heard of One...
This article provides a focus on the key provisions and highlights of the highly anticipated GST Model Law, the draft of which was available to the public on November 26, 2016. We have simplified the understanding of the same...
Since independence, GST is one of the biggest tax reforms to hit India – in a very positive way. The Goods and Services Tax Bill, popularly known as GST was unanimously passed on August 3, 2016, by way of...
As the GST has been rolled out, a lot of speculation has gone into understanding the changes that the tax has brought and effects it has had on various businesses from both the supply as well as the customer’s...
Under the GST, the Composition scheme has been rolled out which provides a much easier and simpler method of compliance for small dealers. The GST Composition Levy Scheme is considered to be highly convenient for small dealers as they...