Goods and Services Tax applied on the acquisition of goods and services can be set off against that payable on the supply of goods or services. The producer or wholesaler or retailer will pay the applicable Goods and Services Tax rate but will claim back…
GST Software Figure out the technical aspects from the point of GST execution and how ERPs will have to realign with Goods and Services Tax law . Here we tell you about the impact on ERP systems, technological readiness you must do…
Goods & Services Tax (GST) is a direct approach to an indirect tax scheme. The “One Nation One tax” brings several state collected taxes like the (VAT)value-added tax, entertainment tax, sales tax, cess, excise tax, purchase tax etc. The two sections of…
Many states in India currently have their own systems for differentiating goods for tax rate determination. therefore, with the coming Goods and Services Tax (GST) scheme, there’s a desire for more uniform classification – not just on the national level…
GST is a integrated scheme of collecting 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 center and state taxes are combined…