Latest Updates on GST Rate Changes

Summary of 23rd GST Council

The GST Council has reviewed the tax rates, returns filing cycle, Late filing fees and much more on 10th Nov 2017, bringing in some relaxation to businessmen, traders, and consumers.

Update on GST

All things considered, tax rates on 177 items are brought down to 18% from 28% to provide relief to consumers and businesses.

  • Many of the items and services which were earlier taxed at 28% now attracts the tax of 18% only. The list includes wire and cables, Furniture, mattress trunk, suitcase, detergents, shampoos, hair cream, hair dyes, makeup, fans, lamp, rubber tubes and microscope. Chewing gum, chocolates, coffee, custard powder, marble and granite, dental hygiene products, polishes and creams, sanitary ware, leather clothing, artificial fur, wigs, cookers, stoves, after-shave, deodorant, detergent and washing powder, razors and blades, cutlery, storage water heater, batteries, goggles, wrist watches.

Continue reading “Latest Updates on GST Rate Changes”

Vyapar is now GST ready.

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Accounting software, GST Invoice, GST software, Invoicing software, Inventory management, Small Scale Business in India

It is often seen when a disruption in the market is initiated, a large segment of the businesses are inconvenienced. GST is touted to be the biggest disruption in the Indian Economy. It has affected businesses of all sizes in some or the other way. Are you suffering due to its complexity? Intimidated by the reports of fines imposed for non-compliance to GST? Worried that you do not have the requisite tools and systems to update your account books? Continue reading “Vyapar is now GST ready.”

What is the GST Bill ?

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Why do we need the GST Bill ?

Everyone in India today is asking “What is the GST Bill ?”.  Now, we at Vyapar are  making an attempt to explain it in plain terms to our readers.

To start off with, we know that every country and it’s Economy, changes with changing times. Today, India is one of the fastest growing economies and to reach this stage, it has undergone some major economic reforms like Continue reading “What is the GST Bill ?”