In the period of startups, India has become well known in the worldwide startup ecosystem. India positions among the main five nations on the planet as far as a number of startups established. The Indian Startup Ecosystem encountered a...
Prior to July 2017, the greater part of 1.3 billion Indians was burdened with different state-level expenses and imposes of around 25-30% as circuitous assessments. However, the rollout of the Goods and Services Tax (GST) Bill has been a...
The transport sector stands to benefit from the recently rolled out GST in several ways. Pre- GST, the complex tax structure and paper work forced the transport industry to spend a lot of resources on tax compliance and deposit...
Doubts have been raised regarding the applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used empty bottles in particular.
Rule 32(5) of the Central Goods and Services...
On 1st July 2017, one of the biggest tax reforms in the country came into action. Though there was a lot of hype about the same, the common people failed to get the zest of the topic. Most of...
GST stands for Goods and Services Tax. SMEs or Small and Medium Enterprises seem to be confused and unable to decide whether GST is a boon or a bane to them. GST holds high the slogan of “One Nation,...
Introduction to GST:-
CGST Act 2017: GST (Goods and Services Tax) or CGST (Central Goods and Services Tax) was introduced as The Constitution (One Hundred and Twenty Second Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill. CGST...
The rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue...
The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley asked the representatives of Trade and Industry to ensure that all benefits arising due to implementation of GST from 1st July, 2017 are passed on to the...
The word GST (Good and Service Tax) has been evolving in the minds of all since its declaration. It has been becoming shocking news, especially for those hearing it the first time. But in reality, is it really outrageous?...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
