Gone are the days when people used to go through loads and loads of ledgers and financial statements to find that one entry they were missing. In these modern times along with everything else, accounting has been simplified as well. This is the modern era and therefore, methods of accounting have advanced as well. In […]
Basics: GST Laws and Rules Part -1
The Goods and Services Tax (GST) has been enforced throughout India as of 1 July 2017. Any taxpayer or business entity registered under the current tax administration must register under GST. The GST tax regime has replaced all other taxes. Since the inception of GST laws and rules, most indirect taxes, central excise duty, entertainment […]
Why GST Exemption on Goods is a Bad Idea?
Is GST exemption on goods a good idea? The ongoing economic crisis due to the COVID-19 pandemic has been extremely devastating. The government has announced various relief measures and relaxations to fight the Impact of GST on the Indian economy due to Coronavirus. The Government of India (GOI) and Reserve Bank of India (RBI) are […]
