financial services · GST

Alert: File your GSTR-3B Before 20th Sep ’19’ and Avoid Penalty

The last date to file GSTR-3B for the month of August 2019 is 20th September ’19’. In case you miss the deadline for GSTR-3B, you will be legally responsible to pay a late fee and penalty charges. As per the Central Board of Indirect Taxes and Customs, the delay will impose a fine of Rs… Continue reading Alert: File your GSTR-3B Before 20th Sep ’19’ and Avoid Penalty

financial services · Income Tax · income tax return

The impact of Goods and Services Tax (GST) on India’s Economy

If we analyse the roadmap of Goods and Services Tax (GST), it has enormously benefited the Indian Economy. Within a short span of time, the GST created a huge momentum for businesses and reducing the tax burden for the common man. The newly implemented indirect tax regime ultimately helped every sector from manufacture to buyers… Continue reading The impact of Goods and Services Tax (GST) on India’s Economy

financial services · GST

How has GST Impacted the Import Sector 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?