Barcodes have transformed the way organizations conduct business right since their introduction in 1949. Today, the concept of barcodes is no longer alien to us. Be it electronic items, groceries, or even patient wristbands in hospitals; all use barcodes. This article aims to educate our readers on the meaning of barcodes and the benefits of … Read more
A taste of fizz has led to grape juice manufactured and distributed by a Tamil Nadu-based company being expelled out of the classification of ‘Fruit pulp or fruit juice-based drinks’, which attracts a lower goods and services GST at 12%. In this article, we will discuss on Carbonated grape juice. GST on Carbonated grape juice … Read more
MSMEs, short for Micro, Small, and Medium Enterprises, contribute significantly to any country’s socio-economic development. In India, mainly, MSMEs have gained increasing significance because of the contribution they make towards India’s GDP and exports. Also, the thrust that they provide to entrepreneurship development in the rural and semi-urban areas has earned them the country’s respect. … Read more
As we know Composition Scheme acts as an alternative procedure for levying a tax under GST. Small businesses registered under the GST composition scheme can pay GST at a restricted rate of turnover every quarter and file quarterly GST returns. Also, Composition levy would be commonly related to small taxpayers who are supplying goods and … Read more
Gold is highly volatile in the Financial Market due to the fluctuation of its price. The Centre Government fixed the GST based on the transaction of the Gold. So, here in this article, you will get to know about the Decoding GST Levied On Gold Purchases. The decoding process will help you to buy the … Read more
India is the second-largest sugar-producing nation in the world. During the period 2019-20, India’s sugar exports stood at 5 million metric tonnes. It made India the third-largest sugar exporter after Brazil (19.3 MMT) and Thailand (10.65 MMT). In this article, we will discuss India Allows Additional 3569 Tonne Sugar Exports. However, lately, India has been … Read more
MSME stands for micro, small and medium enterprises. The government of India provides MSME Registration in accordance with micro, small and medium enterprises development act 2006. The registration process for the same is known as MSME Registration. In this article, we will understand Udyam or MSME Registration, its benefits and the written message by Badli … Read more
The Chief Minister of Maharashtra has petitioned Prime Minister of India, Shri Narendra Modi to extend the Due Date of filing the GST Returns by three months due to increase in the case of COVID-19 again in Maharashtra. In this article we will discuss on Request for extension of due date of GST Returns. Request … Read more
As the country tackles with a stronger second Covid wave, all the states need the Centre to urgently convene a meeting of the Goods and Services Tax (GST) Council, which has not met for the last six months. This arrives after the chorus for rate cuts on key medicines and equipment grows louder. In this … Read more
On 1st February 2021, Annual Financial Statement (Budget) was released by Finance Minister, Nirmala Sitaraman and brought some reform in the ITR Filing. The reform focuses on the listed financial and non-financial bodies to report the transaction of the capital gain and the same should be pre-filled in the Income Tax form. The capital gain … Read more