Exempted from GST: (Zero Tax Rate) Sanitary pads. Deities made of stone, marbles or wood. Rakhis, without any precious metals. The raw material used in brooms. Commemorative coins circulated by the RBI or government. Saal leaves Fortified milk From 12% to 5% Handloom dari Fertiliser grade phosphoric acid From 28% to 18 % Lithium-ion batteries reduced Vacuum cleaners Food grinders, mixers Shavers,… Read More »Tax Rate Reduction: Here’s a list of items that has got much cheaper
Read All About GST News & Updates
A place where you get to read the latest GST news, GST rate changes & more. Become a well-informed smart Vyapari :) Take your business to the next level with the help of the right information.
28th GST council has turned out to be a reliever for taxpayers. Here’s what’s changing hereafter: Sanitary Napkins are exempted from GST going forward: Woo-hoo! Ladies voice seems to have heard loud enough. No decision on 1% sugar cess: Perhaps the council needs more time to figure this out. GST on hotels would now be on actual tariff & not… Read More »GST Latest News India: GST Rate Changes you should know- 28th GST Council Updates
Earlier, a credit debit note which is issued by the registered businessman should be submitted invoice-wise, which is highly impractical for businessmen who have to correlate with one to one underlying invoice. This increases compliance burden for taxpayers, especially for the ones following pen and paper method of bookkeeping denying to use faster business accounting software. Latest Update On Consolidated… Read More »Consolidated Credit Debit note would bring us a huge relief: says Small Businessmen
U.P. Government is going to ban Plastic from 15th of July 2018. Those dealers who are dealing in plastic or using plastic for carrying goods make themselves prepared for this by purchasing Jute/paper-bags in advance. Also, they can reduce their loss by selling existing stocks to other states permitting plastic & by not purchasing fresh stocks Stay updated about the Latest… Read More »Important news for U.P. Dealers: Plastic Banned
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 और भय पैदा हो रहा… Read More »ध्यान रहे! SME’s के लिए GST मदद भी करता है और नुक़सान भी पहुंचाता है
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 में शामिल नहीं किया गया… Read More »8 फैक्ट्स (बातें ) जो आपको GST के बारे में ज़रूर मालूम होनी चाहिए !
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 started to sell a wide range of products. He was very happy with the sales until he noticed a mismatch between the records and the assets that remained when he had to close books at the financial year end.
Even though he managed to sell about 200% more products than the previous year, he noticed that he actually made losses this year. Can you guess the reason? It was the absence of a proper inventory management!Read More »Count your stocks before this Financial Year End
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 bank accounts, preparing financial documents,… Read More »How to Avoid Last Minute Stress during the Financial Year End!
New Year is back again!! An occasion to start your Business fresh isn’t it?
If you’re viewing this, my assumption for you is, you being a business owner want to simplify the way you run your Business. Cheers to you! You’re at the right place. This New Year, don’t just close your Business accounting books, close your old ways of accounting too: what would it mean for you?Read More »GST – Ready Business Management Software: Turn your Business Right this New Year
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