Tag: vat
Posted in Finance
What is GST and who needs to register for GST?
What is GST? Passed as an Act of Parliament, the Goods and Services Tax Act came into effect in 2017, replacing several indirect taxes like…
Posted in GST
GST Act | Small Businesses: Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India
December 5, 2022 Leave a Comment on GST Act | Small Businesses: Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India
The introduction of Goods and Services Tax (GST) was a bold step towards digital transformation of tax administration. GST introduced the concept of uniform tax…
Posted in GST
GST: From payment for not serving notice period to cheque dishonour, CBIC clears the air
August 16, 2022 Leave a Comment on GST: From payment for not serving notice period to cheque dishonour, CBIC clears the air
With the completion of 5-years since the introduction of GST, the certainty of tax positions and ease of compliances for taxpayers have emerged as key…
Posted in GST
tax law: How uniformity in tax law made a common national market
One of the major positives of the GST roll-out is the consolidation of over a dozen indirect taxes into a single tax. Also, unlike the…