Tax structure for indirect taxes in India has remained complex with a compound of state and center level taxes and agreement rules. The complexity reduced down business due to requirements of multiple forms in several formats required for movement of…
Good and Services Tax (GST) is a complete tax which is to be levied on making, sale, and destruction of goods and service at PAN India level. It’s an attempt to do away with several secondary taxes or double taxation,…
GST TAX Filing Start from July 1, 2017, government of India introduced a completely new taxation system for all businesses. At Hyper Drive we provide your business management solutions and hence we have come up with significant modification in all…
What is GST bill in India? GST stands for Goods and Service Tax. The indirect tax on production, sale and consumption of goods and services at national and state level. It is introduced to replace many indirect taxes and services…
Indian retail sector is made up of organised and unorganised retail i.e. sale through traditional family or small stores or shops. The share of organised retail in India is still less than 20 per cent and majority contribution is of…
The GST is a taxation scheme where there is a single tax within the economy for goods and services. This taxation system is meant to create a single taxation system in the entire country for all goods and services. What are…
Promote your Business Tax with two greatest changes in the Indian economy in the last few decades, GST (the other one being Demonetization) had a lot of buzz surrounding it ever since August 3rd, 2016, the day it was announced.…
What is Goods and Service Tax GST is a Target-based tax, as against the current principle of origin based taxation. The new tax scheme follows a multi-stage collection mechanism wherein tax is collected at each stage and therefore the credit…
What are the components of GST? GST is a combined scheme of making central and state taxes together. there are three types of taxes – Central GST and State GST and IGST (Integrated GST) for interstate transactions. Since every the…
Introduction A tax may be defined as a “Business burden laid upon individuals or property owners to support the Government, a payment exacted by legislative authority”. A tax “is not a voluntary payment or donation, but an enforced contribution, exacted…