by bolddialogue | May 19, 2022 | Uncategorized
The old system of indirect taxes in India was extremely complicated, with the Central and State Governments levying separate taxes on goods and services. To make the system less complicated for all taxpayers and to eliminate the cascading effect of tax, the...
by bolddialogue | May 19, 2022 | Uncategorized
The Goods and Services Tax is a form of indirect tax that is applicable to the supply of goods and services. Businesses and professionals, whether engaged in the manufacturing and/or distribution of goods or services, must understand the GST rules relevant to them....
by bolddialogue | May 16, 2022 | Uncategorized
GST payment can be made either online or offline. Businesses are required to pay their outward tax liabilities in cash after utilizing the eligible Input Tax Credit. After this, the registered taxpayer should generate a GST Challan before or after logging into the...
by bolddialogue | May 16, 2022 | Uncategorized
The Government of India levies the Goods and Services Tax on the country’s supply of goods and services. The GST mechanism was introduced to subsume different taxes, duties, and cesses that made taxation a tough exercise. Only half a decade old, the GST system...
by bolddialogue | May 16, 2022 | Uncategorized
Goods and Services Tax was introduced in India to eliminate the cascading effect of taxes. GST has been effective from the 1st of July 2017. GST has now subsumed most indirect taxes like VAT, Excise, Service tax etc. This has simplified the taxation structure and has...
