In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previ
Are you looking for GST Ready Invoicing Solution in India? Get GST Ready Billing & Filing Invoicing Software Online for Small and Medium Enterprises (SMEs)
Adding Tax Exemptions Adding GSTIN of your contacts Classifying your Items Configuring your Zoho Inventory Zoho Inventory is now GST ready. As part of the rollout, you will have to perform a few basic functions in order to get your organization ready for GST. Below mentioned are a few simple...
Postal items, like envelope, Post card etc., sold by Government, rupee notes when sold to the Reserve Bank of India & Cheques, lose or in book form
GST exemptions for SME GST, Composition scheme changes GST council meet decision as on 06th October, 2017 Minimized GST rate on Biomass briquettes Reduced GST rate on Parts of power driven pumps designed for water handling Reduced GST rate on Parts suitable for Speed Diesel Engines of power not...
previous indirect taxes. As a result, consumers are now preferring to buy goods from physical stores, where they can avail of tax exemptions on items such as clothes, footwear, and food items. This has resulted in a decline in the sales of e-commerce companies such as Amazon and Flipkart...
After the passage of the GST bill, the government set up a GST council to decide on the tax rates, exemptions, and other details. The GST council held several meetings and finalized the tax rates in May 2017. GST was implemented in India on July 1, 2017. The implementation was not with...
In such cases, GST appeal provisions do not apply, as the actions taken are separate from the appeal process and are governed by specific legal procedures. It is important to be aware of these exemptions to the appeal provisions to effectively manage your resources and navigate the GST ...
taxes are imposed on the value added to goods at each stage of distribution. This will eradicate compounded taxation. Enterprises are encouraged to participate in the reform and apply for tax breaks or exemptions. The ...
India’s Finance Minister, Nirmala Sitharaman, presented the 2025-26 Union Budget on February 1. There have been several important reforms impacting all of us. Let’s read reforms introduced in Budget 2025 and their impact through this article. Impact of Latest Reforms Introduced under Budget 2025...