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A place where you get to read the latest GST news, business trends, market changes & more. Become a well-informed smart Vyapari :) Take your business to the next level with the help of the right information.

Union Budget 2019 Key Highlights for MSMEs: Loan, ITR filing, Pension scheme, GST rate & more

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Here are the Top 17 Budget 2019 takeaways that favor every small business in India.  Download Vyapar App Rs 350 crore loan has been allocated for GST registered businesses to help them grow. Result: Getting loans will become much easier for small businesses.   Under this Union budget, 2% interest will be paid by the GOVT for GST-registered MSME loans.… Read More »Union Budget 2019 Key Highlights for MSMEs: Loan, ITR filing, Pension scheme, GST rate & more

10 Terrible mistakes you can do to your business (and ways to avoid them)

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Everyone has made a mistake? Who hasn’t?  These 10 mistakes below are so common that every businessman has made at least one of them. If you haven’t yet, better avoid it.  All the BIG companies once started small. You might be small today. You can grow big when planned right! Ask yourself, where do you see your business in the… Read More »10 Terrible mistakes you can do to your business (and ways to avoid them)

No more GSTR-1 & GSTR-3B: GOVT approves the new GST return forms

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Yes, there will be no more GSTR-1 and GSTR-3B for GST registration! Get ready to file your GST returns with the new GST forms. The 3 FORMS which replaces GSTR-1, GSTR-2 and GSTR-3B are: ✔ 1 main GST return (GST RET-1) and ✔ 2 annexures ( GST ANX-1 & GST ANX-2). For the next 3 months (July to Sept, 2019), taxpayers must… Read More »No more GSTR-1 & GSTR-3B: GOVT approves the new GST return forms

How a small business owner Virupakshaiya files GSTR easily with Vyapar

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Mr Virupakshaiya, an automobile service business owner, has been using Vyapar App since January 2018. He says, he is very happy with how Vyapar is helping him file GSTR returns with absolutely NO difficulty. “On July 2017, the time GST was introduced, it was a new concept to me. I started filing returns directly on the GST portal. It was… Read More »How a small business owner Virupakshaiya files GSTR easily with Vyapar

Compulsory e-invoicing only for businesses having turnover > Rs.50 cr from Sept

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The turnover limit for businesses for e-invoicing is likely to be fixed at Rs 50 crore. This means big taxpayers who are having better technology should generate their e-invoice on GOVT portal for B2B sales. They should start e-invoicing right from September 2019. The official said 1 crore invoice generation/day can be handled by GOVT portal. Just look at the… Read More »Compulsory e-invoicing only for businesses having turnover > Rs.50 cr from Sept

Small cars & consumer goods to get less expensive after June 20th.

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Many consumer products as we all know still have 28% GST (Goods and service tax) due to which their prices are quite high. This rise in price is affecting their sales. There is a huge drop in the demand for such products. ✔ Automobiles, for instance, are placed in the 28% GST bracket. The automobile dealers are shutting shops due to… Read More »Small cars & consumer goods to get less expensive after June 20th.

Easy GST refund process for exporters

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Currently, when you claim for GST refund with the central tax officer, you will receive only 50% of your money, the rest 50% will be cleared by state tax officer after verification. Sometimes, even after sanction/payment of refund, the tax authority delays the GST refund. The two authorities – state and central settling the same refund adds to unnecessary complexities… Read More »Easy GST refund process for exporters

Textiles to get cheaper very soon!

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At present, there are 3 GST rates – 5%, 12% and 18% – for various items under the textile sector Whereas, countries, such as Thailand (10%), China (16%), and Indonesia (7%) who are doing well in the textile industry have a single rate for all items. Also, when rates are different, it is difficult to refund exporters. This itself is… Read More »Textiles to get cheaper very soon!

Automobile, real estate & other companies want Modi to cut GST rates!

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PM Narendra Modi is back to the office for the second time! Companies across sectors such as durables, automobiles and real estate want him to bring down the GST rates. From the Durable Sector: ✔ Products like AC and TV with 28% GST should be brought down to 18%. ✔ “They are not luxury items, they are essential products, hence they should… Read More »Automobile, real estate & other companies want Modi to cut GST rates!