IMPACT OF GST ON SMALL BUSINESS ENTERPRISESMs.Deepti DagaMr.P.Ganesh AnandJETIR(www.jetir.org)
Mandatory registration –Similar to the rules of GST on e-commerce operators, all e-commerce GST liable suppliers are mandatorily required to register under GST, irrespective of turnover. In other words, even if an e-commerce supplier’s aggregate turnover is less than INR 10 Lakhs (in Specia...
The research paper is regarding impact of GST on Indian Businesses. The introduction of GST is a situation of misperception and confusion among common citizens. The aim of this research paper is to describe the mechanism of GST and its special effects on Indian Businesses. In India, the knowled...
The Goods and Services tax (GST) has been specified as one of most important tax reforms post-independence. It is a tax trigger, which will lead to business transformation for all important industries. In this article, we will discuss on Impact of GST on Accounting & Financial Statements. Im...
KPMG tax partner also stated that earlier before GST, the companies and the vendors didn’t get input tax credit but after the implementation of GST, it has been getting ITC on taxes. This return credit is being offered to the customers in the name of discounts. ...
Exemption on GST GST on Gold/ GST on Gold Jewelry/ GST on Gold Coins Revised Rate on Gold Jewelry e-Way Bill Rule Input Tax Credits Availability Key Takeaways Related Articles The GST was enacted on July 1, 2017, that impacted the prices of a variety of goods. Among those goods includes...
GST is commonly found in Canada and the Asia-Pacific region. Sales tax: Sales tax is another type of indirect tax levied on the sales of certain goods and services in the US. Unique from other types of indirect taxes, sales tax is a single-stage consumption tax imposed on retail sales;...
When dealing with related parties, GST is charged based on the transaction value, which refers to the price at which unrelated parties would typically transact in the ordinary course of business. Exchange Offers: When smartphones are sold with exchange offers, where customers trade in old devices...
A comprehensive dual Goods and Services Tax (GST) has replaced the complex multiple indirect tax structure from 1 July 2017.It is the biggest tax reform ever happened in India. Now we are witnessing, how this tax reform reshapes our economy and business dynamics for Micro, Small and Medium ...
GST is commonly found in Canada and the Asia-Pacific region. Sales tax: Sales tax is another type of indirect tax levied on the sales of certain goods and services in the US. Unique from other types of indirect taxes, sales tax is a single-stage consumption tax imposed on retail sales;...