GST को SME’s के लिए इनडायरेक्ट टैक्स एडमिनिस्ट्रेशन को आसान बनाने के लिए लाया गया था। लेकिन, इसके बजाय , ऐसा लगता है कि इसकी वजह से देश में काफी उथल – पुथल मच गयी है । वास्तव में, व्यापारियों के दिमाग में GST को लेकर गलत धारणाएं चल रही हैं, जिससे उनके बीच भ्रम…
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फैक्ट #1 फ्रांस पहला देश था जिसने सबसे पहले 1954 में GST लागू किया | फैक्ट #2 लगभग 17 साल बीत चुके हैं, जब पहली बार GST के बारे में इंडिया में बात की गई थी | फैक्ट #3 दुनिया के करीब 160 देशों में GST लागू है| फैक्ट #4 शराब, पेट्रोल, बिजली को GST…
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Well, it’s inventory time again! The time to assume your inventory as money sitting around in another form. If closing books by counting all the stocks before this financial year end appear to be a lot tiring. Then listen to what Suresh did! Suresh owns a Kirana store in Bangalore and since last year he’s…
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March End is Fast approaching!!! For most small businesses, Financial Year End is alarming. It is at this time you feel – “ to start a business is easy, but to manage it….is where the struggle lies”. Also, March tends to be the busiest part of the entire year. Right from sending customer statements, reconciling…
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GST council on Friday has decided to fix the GST on Restaurants reducing tax brackets and hence the burden. Here’s why eating out could become cheaper: 5% GST on… All independent restaurant Ac or non-AC.(which previously was 12% and 18% respectively) Takeaway food. Restaurants in hotels with room charge less than Rs 7500. [No input tax credit…
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Starting November 15, daily use items could cost up to 10% less than before. Take a look at those items which have been trimmed to 18% GST tax rate.
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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. All things considered, tax rates on 177 items are brought down to 18% from 28% to provide relief to consumers and businesses. Many of…
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Reverse Charge is a system where the receiver of the goods and/or services is liable to pay GST instead of the supplier. Sounds simple? But it isn’t! Here’s a break down of its cause and effects. Reverse Charge provision states as: The central tax in respect of the supply of taxable goods or services or both…
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GST for SME’s had been introduced to make indirect tax administration much more hassle-free. But, instead, it seems to have caused much chaos in the country. In fact, there have been many GST misconceptions running in traders minds, causing confusion & fear among them. Well if you’re a trader or planning to become one, Consider reading these to…
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