What is Goods and Service Tax (GST) and How to calculate it: India had a taxation system with a 3-layer hierarchy which consists of central government, state government and regional municipal bodies. This triad was there for the collection of both direct and indirect taxes. However, on 29th March 2017, the Government of India passed GST Act to simplify this …

The GST Act has hit the highest on the list of the most impactful regimes of all time. As of now, more than 7.95 million applicants have made their mark on taxation through GST registration. The new regime of the taxation is setting new benchmarks for both the government and people as well. With dynamic changes in the economy of …

The GST Act has hit the highest on the list of the most impactful regimes of all time. As of now, more than 7.95 million applicants have made their mark on taxation through GST registration. The new regime of the taxation is setting new benchmarks for both the government and people as well. With dynamic changes in the economy of …

‘One Nation One Tax’ was launched at midnight on July 1, after 17 years of considerations, in the Parliament, much like the Declaration of Independence of India from foreign rule. The parallel was drawn by Prime Minister Narendra Modi himself along with several others as addressed in his speech. The Goods and Service Tax is the largest tax reform in …

In a joint affair, all the state finance ministers confirmed that they are working upon enforcing the Goods and Services Tax (GST) from July as per the product wise levies concluded in the meeting in Srinagar last week. The various suggestions clouded the topic after the West Bengal finance minister Amit Mitra quoted that most of the businesses aren’t ready …

The final roll-out of the Goods and Service tax is scheduled on July 1st and before that the Goods & Services Tax Council in a meeting on Friday in Srinagar chalked out the rules and tax rates for commodities and services. For goods like Gold, Textile, precious metals and footwear will be decided in the council’s meeting on June 3rd. …

Goods and Service Tax (GST) being the top most urgency for the central government emphasized that all measures are taken care of to convince the opposition so that GST Bill could move ahead in the second part of Budget session starting from April 25. Union Minister M Venkaiah Naidu said , “We have almost completed discussion with majority of the …