Goods & Service Tax (GST)

Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: Legally recognized as supplier of goods or services. Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business. Legally […]

Compulsory/Mandatory Registration under GST This is one of the most important information if you are planning to get GST registration. If you fall any of the category below that you need a compulsory GST registration irrespective of your turnover. E.g. if you fall in any category below, then your turnover is Rs.10 only then also […]

The successful implementation of GST will make a revolutionary impact on the economy of India. It might benefit some, and some might have to change their strategy to be successful. GST being one tax for Central and state will give rise to transparency in the functioning of the nation. It will lead to ease of […]

Let us discuss some of the most important difference between the existing excise duty, VAT/sales tax, service and new GST. Factors GST Regime Excise Duty VAT/Sales Tax Service Tax Levied on Supply of goods or services or both Manufacture of Goods & not applicable on services Trading or goods and not applicable on services Applicable […]

GST- (GOODS AND SERVICE TAX)

Introduction:-The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and state governments. The following taxes will be bound together by the GST: Service tax VAT […]