Tag Archives for Small business

GST Benefits-All Business Owners Should Know

GST BENEFITS-ALL BUSINESS OWNERS SHOULD KNOW Removal of Cascading Effect and Multi-layer taxation In a layman’s language, the cascading effect means charging Tax on Tax. In order to appreciate the benefits of GST we must…

Challenges Faced Under GST

BY BUSINESS: Increased operational expenses GST has changed the way tax is assessed, business owners require the opinion of the tax experts to remain GST-compliant. However, this has increased the operational expense of the entity…

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…
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