taxation

Upgrading & Migrating to GST before March 31st

Upgrading & Migrating to GST before March 31st Benefits of GST to Trade Reduction in multiplicity of taxes Mitigation of cascading/ double taxation More efficient neutralization of taxes especially for exports Development of common national market Simpler tax regime Fewer rates and exemptions Distinction between Goods & Services no longer required   Benefits of GST to Consumer Simpler Tax system Reduction in prices of goods & services due to elimination of cascading Uniform prices throughout the country Transparency in taxation system Increase [...]

Upgrading & Migrating to GST before March 31st

Upgrading & Migrating to GST before March 31st Benefits of GST to Trade          Reduction in multiplicity of taxes          Mitigation of cascading/ double taxation          More efficient neutralization of taxes especially for exports          Development of common national market          Simpler tax regime          Fewer rates and exemptions          Distinction between Goods & Services no longer required   Benefits of [...]

Are you prepared for the GST Implementation?

Are you prepared for the GST Implementation? With the approval of the Constitution Amendment Bill for Goods and Services Tax (GST) approved by The President of India, post its passage in the Parliament (Rajya Sabha on 3 August 2016 and Lok Sabha on 8 August 2016). This initiative is likely to be rolled out effective July 1st and this could be a good start for SME’s. To prepare for the implementation of GST, companies will need to first: Understand “What is GST”? GST is a [...]

Powered by keepvid themefull earn money