Top points of GST in India

In this article, we will bullet information about the " Top points of GST ". India is famous for its horrible tax system. That is the biggest burden for the new businesses and startups to go through from this various direct tax and indirect tax. Regular changes in the tax rates make scenario much worst. Now one revolutionary change is going to happen …

GST Payments & Refunds in India

There are 3 ways to find the revenue neutral rate, this fact stated by the Subramanian Committee. As per the recommendation of Subramanian Committee, 18% is the revenue neutral rate. There are four different rate expected, 5%, 12%, 18%, and 28%. Under GST there is a remarkable change happens. 3 new terms introduced in the tax laws those are;

CGST : CGST refers to …

GST Composition Scheme in India

Importance of GST Composition Scheme

what is GST composition scheme? Routine recovery of taxes, return filing, generation and maintenance of records, invoices and other documentation is the job of tax administration but more often this thing becomes a burden for small businesses. To short out this burden composition scheme has been introduced by GST under their respective State VAT laws with few condition and eligibility. …

Input Tax Credit in India

Enough has been said about what a significant reform GST will be. But if there is one thing that completely stands out about this new tax, it is – the mechanism of input credit under GST. One of the basic features of GST is that the seamless flow of input credit across the chain (from the manufacture of products until it's consumed) and across the …

GST registration required documents in India

From 1st July 2017 GST Registration will start. It is mandatory for all eligible taxpayer, who comes under GST. They should register before the GST monthly return of September month. In this article, you will get information about all the required documents & GST registration required documents. Is GST Registration mandatory for me? If a person or an organisation doing the supply of goods …