Changes in Business regulations and IT updates are forcing professionals services to meet income tax filing norms, returns, audits and registrations under GST.
The new provisions provided in the GST Law aims at streamlining and standardizing the refund procedures.
GST i.e. Goods and Services Tax as the name suggests is the tax levied on the supply of goods or services or both in India. The Goods and Services Tax will provide the much-needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and… Continue reading Advantages of GST for Citizens and the Country
Goods and Services Tax, popularly known as GST has always been the talk of the town. GST was successfully implemented on 01st of July 2017. GST was launched to overhaul the entire Indirect Tax Regime of the country and to make it easy to do business in India. Individuals registered under GST are required to… Continue reading The Responsibility and Enrollment of a GST Practitioner in India
Under the new GST regime, both the imports and exports of goods and services in India would be treated as the supply of goods or services within the course of inter-state trade and commerce and they will attract IGST. Article 269-A of GST Act constitutionally mandates that the supply of goods or services or both… Continue reading How has GST Impacted the Import Sector in India?