The introduction of the Goods And Service Tax has overshadowed the other taxation systems like excise duty, service tax, and VAT. It was implemented on the 1st of July 2017 under the unique ideology, ‘one nation, one tax’. In this article, you will understand the difference between GST and VAT. The aim of introducing GST … Read more
GST or goods and service tax was launched on the 1st of July 2017. The tax has replaced almost all the indirect taxes in India. It is mandatory to issue an invoice or bill of supply when the supply value is more than Rs. 200 under GST Registration in India. There are several types of … Read more
India implements a dual GST, with the Center and States taxing goods and services at the same time. GST is a unified tax based on the principle of “One Nation, One Tax.” The absence of the cascading impact of various taxes and the smooth flow of Input Tax Credit is the most significant benefits of … Read more
GST is an indirect tax imposed on the supply of goods and services in India. The GST has lowered the burden of many taxes and placed them under one roof, benefiting Indian consumers and companies. Hence, there are several benefits of GST on Business and Consumers. In this article, you will understand GST Registration and … Read more
The government has expanded the mandate for e-invoicing or real-time reporting of business-to-business sales to all businesses. Currently, those with sales of more than 50 crores are required to use e-invoicing. However, with the latest notification, the Central Board of Indirect Taxes and Compliance has decided that the latest changes will take effect on April … Read more
GST Registration is an indirect taxation system in India. It is completely online and thus offers several advantages for startups. Many entrepreneurs also opt voluntarily for GST Registration in India for several reasons. In this article, you will learn Is GST Registration required for startups? What is a Startup? In simple words, Startups are companies … Read more
The GST Registration for Bakery is an important concept. In fact, every business should know about GST. The GST Registration and GST Return Filing offer several advantages. Thus, if you are planning to start a bakery business or already have a bakery business, read this article to know about important concepts for your bakery business. … Read more
The clothing industry is one of the world’s most successful enterprises. No longer only a necessity, clothing has become an art form in and of itself. They serve as a sign of social ascendancy. People desire to express themselves via their clothing choices. In a growing country like India, the potential for a ready-to-wear business … Read more
Domesticating animals and keeping them as pets has become fashionable, and some people even consider animals to be family members. So there are huge benefits to starting a pet shop business in India. In this article, you will understand how to start pet shop business in India. What is the Pet Shop Business in India? … Read more
GST is an indirect taxation system in India. Every eligible taxpayer as per the GST Rules and Regulations must register under GST. Every business whether providing goods or services must get GST Registration depending upon a number of factors. The GST also applies to professionals such as Chartered Accountants, Doctors, Teachers, etc. In this article, … Read more