Equipping Modern Enterprises with Powerful GST & E-Way Bill Solutions
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…
GST has become one of the most common terms in the taxation system since its recent release in India. The full form of GST is Goods and Services Tax. Read on to know about what GST means around the world and its implementation in India. The topics covered in this article are: What is GST?…
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…
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…
The Prime Minister, Mr. Modi, for the second time, strongly advocated the progressive impact of GST on the transport sector and mentioned about an upsurge and an uplift in the efficiency [30%] of the transport sector, while addressing the nation from the Red Fort on the occasion of the 71st Independence Day, on this 15th…
GSTN [goods and Services Tax network] has been witnessing a steep surge in the number of new GST registrations and also experiencing overloaded traffic in terms of the migration of the tax payers from the previous era to the GST regime. Talking about the numbers, the sources from the central finance ministry revealed that the…
The boarding and lodging services of schools, i.e. the hostels, will not feel the pinch and have been exempted from paying GST till the tenth standard [pre-school to the secondary level]. The relaxation has to be passed on to the students too and they will only pay the stipulated fees of the room with no…
Touted as the second largest employer in the country (after agriculture), the real estate sector accounts for nearly five percent of India’s GDP (gross domestic product), projecting a potential growth of 30 percent over the next decade. Supported by a thriving corporate environment, an increasing demand for office and commercial space, a burgeoning middle-class keen…