Ready for GST? Here are changes that can stump you right after midnight At midnight on June 30, Prime Minister Narendra Modi will formally usher in the country’s new Goods and Services Tax (GST). First proposed in 2006, the GST will subsume more than a dozen state and central levies into one tax, unifying this […]
Category Archives: Goods and services Tax
Goods and services Tax
Goods and services Tax is applied by Indian government as one nation one tax
“GST” Was Apply by the Government to benefited to Business Man.
Before Implementation of GST Various Indirect taxes like service tax,Sales tax,and Excise duty was applicable in india .
In Above all indirect tax cenvat credits i.e. input tax credits on purchase/services received was adjusting with outward sales and outward services given .
For smooth running of this system the Indian Government also implemented this by discontinue of above mentioned tax,
In This Section we try to clarify regarding GST Refunds,GST Returns,GST Circulars,GST Notifications,GST Forms.
Payment of Taxes and Interest in GST Law Liabilities of Taxes and Interest in GST and penalty and other dues under the GST shall be paid, have been described here below . Same shall be entered in various register etc. All this is prescribed in Section 49 to 50 of the GST Law and GST […]
Key aspects for smooth implementation of GST With only few days to go for the Goods and Services Tax (‘GST’) to go live, we have enumerated below key aspects with respect to a smooth and hassle free transition to GST from the existing tax regime:
GST impact on stock available till 30th June Goods and Services Tax (GST) is considered to be the biggest tax reform in independent India. As the deadline comes closer, small and medium companies as well as large enterprises are working on the transition from VAT era to GST regime. No doubt, this transition won’t be […]
Do Mutual Funds investors need to alter their portfolio before GST ? India’s tryst with the Goods and Services Tax (GST) on July 1 is making some mutual fund investors nervous. They have been asking their advisors whether they should recast their mutual fund portfolio. According to mutual fund advisors, investors should not tinker with […]