The Goods and Services Tax (GST) implemented on July 1 2017 has successfully subsumed all the Central and State indirect taxes, for example, service tax, central excise, VAT, and so forth. In this article, we will see the difference between GST and VAT: GST has abolished the cascading impact of the economy. Let us get … Read moreWhat is the Difference Between GST and VAT?
GST is an indirect tax that has subsumed most of the indirect taxes in India. Moreover, it is a type of value-added tax as it levy on different stages such as manufacturer, sales and consumption of goods or/and services. It is important how GST works in India and how the older indirect taxes used to … Read moreHow GST Works in India?
To understand the changes in GST (Goods and Services Tax) as per Union Budget 2019-20, we are taking two fictional characters into consideration namely Ram and Shyam. Ram: Shyam, what are the major GST changes in Union Budget? Shyam: Ram, this union budget 2019-20 is a more sensible budget than a sensational one. Some of … Read moreChanges in GST (Goods and Services Tax) as per Union Budget 2019-20
The joint Development agreement (otherwise known as JDA) is a contract between a landowner and real estate developer to build a new project on the land of owner. The real estate builder construct the building and other things. On the contrary, the owner of the land will provide land to construct the building. Moreover, there … Read moreGST Applicability on Joint Development Agreement
What is GST? GST Act came into existence in India on 1st July 2017 with the motive of One Nation One Tax. Goods and Services Tax (GST) is a destination based tax that subsumed many indirect taxes in India. GST is a multi-stage tax that gets levied on every value addition. Destination-Based GST is a … Read moreGoods and Services Tax (GST) in India
GST has become one of the most common terms in the taxation system since its recent release in India. The GST full form is Goods and Services Tax. Read on to know about what GST means around the world and its implementation in India. The following topics have been covered in this article: What is … Read moreGST Full Form and Meaning
Goods and Services Tax, which actually is primarily aimed to boon the businesses, economy and government, is experiencing bumpy rides, due to the ineffectiveness of the Goods and Service Tax Network. The resultant is a mentally and technically stressed trader’s community with fuming intentions. The national body of the traders, CAIT [Confederation of All India … Read moreCAIT Threatens to Move Court Against Infosys
With the launch of the e-way bill, the overall transportation of the goods and commodities or specifically the logistics industry have suddenly started moving real fast with the abolition of the intra-state check posts and bureaucratic interference with the inclusion of the RFID [Radio Frequency Identification] or the QRC [Quick Response Code] devices, which make … Read moreAll attempts to keep e-way bill immune to red tapism