In order to simplify the taxation system in India, the 27th and 28th GST council proposed and laid rules for the implementation of new simplified forms for the taxpayers in the country.
GST implementation is Reverse Charge Mechanism (RCM) with an aim to enhance tax compliance and coverage across organized, partly organized and unorganized sector in India.
The government has made certain provisions under GST for the MSMEs to ensure lesser compliance and higher growth of such businesses. This article will help you to decide what to look forward to as Composite Dealers/Composite Taxpayers.
GST software assists taxpayers at various stages like data import from existing ERPs, transforming ERP data into GSTN-format, preparation of various returns, fetching GSTN data, GST filing, etc. hence it is crucial for you to choose your GST software smartly. So, here we bring a compendium of 8 questions that you should ask before buying GST software
The export of goods and services plays a major role in maintaining a country’s economic growth. Therefore, in order to boost the same, the government provides such businesses with certain reliefs and perks. One such relief provided in the Indian Taxation system, GST is Zero-Rated Supplies.