GST

GST Software
Updated on January 8th, 2019 in Composition Scheme

GST Composition Scheme – Boon or Bane?

As the pan-India wave of GST is about to hit us this July, the entire nation is gearing up to embrace the colossal tide. Even as the corporate Tycoons and Moguls are restructuring and redefining their business processes in tune with the GST mould, the micro, small and medium organizations are putting on their best efforts to swim in the sea of rules and regulations of this new legislation. The buzz-worthy question – is there any relief to the small sectors of our economy from the morass of complicated compliances of GST.

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Updated on February 16th, 2019 in GST

Input Tax Credit

The term “Input Tax Credit” assumes significant importance in the arena of indirect taxation. Let us zero in on our analysis on this topic under GST regime. “Input tax” means the GST Taxes (CGST, SGST, IGST) charged on any supply of goods or services or both made to a registered person in the course or furtherance of his business and includes such tax payable on reverse charge basis— but excludes tax paid under composition levy.

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Impact of GST on Real Estate
Updated on November 13th, 2018 in GST

GST: A Real Impact on Real Estate!

Aryan, gasping and panting, stumbled inside the office of his friend, Kushal. “Hey, Aryan! What a surprise – ” Kushal – a CA by profession –began to greet, but stopped short at the harried and hassled look on his friend’s face. “Is everything fine, Aaryan?” “Nothing’s fine!” Aaryan sounded agitated as he plonked himself down on the chair, “The word ‘fine’ doesn’t fit aptly for us businessmen! But yes, if we talk about punishable “Fines”, they are made for us!” he finished with sarcasm.

Updated on February 18th, 2019 in GST

A Quick Guide to Goods & Services Tax (GST)

One nation – one tax, is surely a game changer. As the Indian taxation scenario revamps, a singular tax regime promises to eradicate complexities, stemming from a bunch of indirect taxes and manual filing. To give you a ready reckoner, here’s an exclusively crafted, quick guide to the Goods and Services Act, commonly known as GST.

GST Guide
June 7th, 2017 in Media Relations

Change is in the air

Nishank Goyal’s company, Masters India Private Ltd, did business in aluminium products. But, the Delhi-based entrepreneur realised a while ago that there would be huge potential in the implementation of Goods and Services Tax in July. Read More

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