Key Takeaways While GST brought standardisation and uniformity, certain niche sectors like Software Technology Parks of India (STPI) units and Export-Oriented Units (EOUs) experienced significant changes in their operational and compliance landscapes. These units, which are primarily engaged in the export of software services and goods, need to understand the implications of GST laws, especially […]
Key Takeaways Planning tax regulations is a crucial step for any small business aiming for sustainable growth in India. The introduction of the Goods and Services Tax (GST) has transformed the way small businesses operate by simplifying the indirect tax structure and creating a unified national market. However, understanding GST registration requirements, especially the minimum […]
Key Takeaways The Fast-Moving Consumer Goods or FMCG is the largest sector contributing to the India’s economy, covering essential items like packaged food, beverages, toiletries, and OTC drugs. Before GST, the companies involved in the production of FMCG goods faced a complex tax structure with VAT, excise, and service tax, raising costs and disrupting interstate […]
Key Takeaways The introduction of GST is significant as it replaces multiple types of indirect taxes and acts as a single unified type of indirect tax, such as VAT, excise duty, and more. People pay these taxes at the time of production and sales. As a major change in the whole taxation system, GST has […]
by Key Takeaways Registration of Goods and Services Tax (GST) is a crucial and mandatory step for sole traders, ensuring their businesses follow tax laws. GST is a tax applicable on the sale of goods and services, and businesses earning a certain potential amount should register for it. Even if their income is much below the […]
0
Instant Transfer
Lowest Rates
Credit on all transaction