Challenges Faced Under GST

BY BUSINESS: Increased operational expenses The increased tax burden on Small and Medium Enterprises (SME’s)   Multiple registrations for Pan-India businesses Returns must be filed on a monthly basis Registration will be mandatory for e-commerce…

Impact Of GST On Small And Medium Enterpresises (SME’s)

Impact Earlier Now 1.Ease of commencement of businesses A business having operations across different state needs VAT registration. Different tax rules in different states lead to complications and a high procedural fees. Under GST, the…

More and more businesses now required to issue e-invoice

CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of…