GST BENEFITS-ALL BUSINESS OWNERS SHOULD KNOW Removal of Cascading Effect and Multi-layer taxation Input credit issues: Registration & Composition scheme for Small and Medium businesses QRMP Scheme Refund E-way bill E-invoicing Extended due date to…

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 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…

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…

The Union Budget for fiscal 2022-23 unveiled by the Indian Finance Minister Nirmala Sitharaman on the first of February, 2022, included several measures that could lead to a major boost for the economy as a…

GST – Goods service tax is a tax procedure followed in India from July 1st 2017 on the supply of goods and services to avoid multiple taxes by the central and state governments. GST is…

Manufacturing industry Overview Manufacturing industries are the chief wealth generating sectors of any economy. These industries adopt various technologies and methods widely known as manufacturing process management. Manufacturing industries are important for an economy as…