The Impact in Restaurant Sector With the passing of the Goods and Services Tax Bill, the nation’s Food and Beverage Industry has been left both flustered and fluttered. As because of indirect tax, this affects both the manufacturer and the…
The Goods and Services Tax is a valid step towards indirect tax reforms, that will combine a large number of Central and State taxes into one tax and prevent double taxation to pave the way for common national market. GST…
Goods and Services Tax is an indirect tax that will be levied on goods as well as services. All the existing state and central indirect taxes will be subsumed under these apart from Customs Duties. It will be applicable in…
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…