As we know, Exports have been the field of focus in all strategic initiatives of the Government for more than 30 years. Now with the Make in India drive, exports continue to appreciate this special treatment because exports should not be burdened with domestic taxes. In this article, we will discuss the GST on Export … Read more
Commencing an Import-export business is one of the best approaches to attain your profit goals which are higher to do well in the international market. Selling the product in the domestic market may lead to getting a limited amount of profit margin. But practising the initiative to make a foothold in the international market needs … Read more
Construction is the second-largest Industry after Agriculture in India. India’s construction industry is rapidly increasing. Therefore it is essential to know GST on Construction Materials. In this blog, we will read about GST rates on various construction materials in detail. Understand About GST GST stands for goods and services tax. It is a type of indirect tax … Read more
Liquidated damages has well-known term applied by the parties under a contract. Concerning the implication of indirect taxes, both in the former law and also the present GST law, there has always been an argument on the taxability of the liquidated damages, and the Government has never simplified this issue. In this article, we will … Read more
The Union Budget 2021 was proposed by the Finance Minister on 01.02.2021 in the parliament. Also, the Finance Minister applauded the parliament on GST and summarized the measures taken by the Government in the last 4 years of implementation GST to further streamline it. In this article, we will discuss the Zero-rated Supplies under GST … Read more
As we know India is the biggest buffalo meat exporting country (Carabeef) globally, with a smaller amount of sheep meat. Production and export of meat from India originated in the year 1969, During the last 49 years, the quantity of meat & Processed Meat exported from India has been progressing and so also the number … Read more
The Finance Minister Nirmala Sitharaman has introduced certain changes in CGST Act, 2017 & IGST Act, 2017 to curb input credit frauds and safeguard Government revenues. Also, multiple changes to the goods and services tax framework aimed at helping small and medium businesses to tide over pandemic-induced disruptions. In this article, we will discuss on … Read more
For the one more time, GST collections in January reached over Rs 1.2 lakh crore, crossing Rs 1 lakh crore targets since December, November and October last year. In this article, we will discuss on GST collection January 2021. GST Collection January 2021 The Central Government has announced the gross GST revenue collected in January … Read more
Budget Finance Minister Nirmala Sitharaman announced Union Budget 2021-22 on the 1st of February, 2021. This Budget assumes enormous importance and effective as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption in India and around the world. In this article, we will discuss on Union Budget 2021 and its … Read more
As we know, the Infrastructure and Construction Sectors have shifted out of their developing stages. For the past few decades, both governments as well as the Infrastructure play a crucial role in every sector like the construction of highways, schools, buildings, and companies etc. Also, it ensures to bring employment to the workers. In this … Read more