GST Rates 2019 – Updated List of Tax on Goods & Services

Final GST Tax Rates

The implementation of the new tax system in the form of GST was one of the biggest tax reforms in India in recent times. The introduction of “One Nation, One Tax” concept based GST System has completely transformed the earlier tax structure, cascading different types of state, centre, and other taxes into one uniform tax.

GST stands for Goods and Services Tax. It is divided into three different types: Read More

caportal

SMEs Vulnerable to Face Setback by Invoice Matching Concept in GST

SMEs Vulnerable to Face Setback by Invoice Matching Concept in GST

The goods and service tax is a major contributor in the upbringing of the economy. As it is supposed to bring some higher compliance and changes which are destined to prove healthy adaptation within the tax ecosystem. It is speculated that in the new tax system, tax evasion, ease of interstate business, simple tax compliance, a huge increase in tax base and reductions in prices have been expressed and due to its technology being operated, more transparency will come. Read More

caportal

Imminent challenges That will affect business Units after GST

Imminent Challenges for Business Units after GST

GST is one of the biggest tax reforms for India since Independence which has been implemented from July 2017. GST is not just a tax but it will be beneficial for the whole economy and would have a far-reaching effect on businesses. Various experts have identified that the procedure and working of business units will be affected by the new GST regime. If a business has started maintaining financial records, there are several points in which the government and the GST council has to put some extra attention, starting from the line. Read More

caportal

GST Helpline App Releases 1.3.4 Latest Version with Some Advance Features

GST Helpline App Features

GST Helpline is a user-friendly mobile application which is available for both iOS and android platforms. Users can easily install the app via Google Play store.

The app has been created by SAG Infotech PVT Ltd, a Jaipur based firm. It supports Android version 4.0
Steps for using GST Helpline Application and above. The main aim of creating the app is to make users aware about GST implementation in India, enrollment process of GST and latest updates articles, news about GST in India. Read More

caportal

Scope of Service Tax After GST Rollout In India

Scope of Service Tax After GST in India

Goods and Service Tax is one of the anticipated tax structure in India since Independence. The Government is in the confusing state of mind in respect of goods and service tax for providing various services across the country.

According to the Government, service tax is categorized into four slabs for services under GST, with industries like transport is likely to face lower levy as compared to the 18 percent tax on several kinds of services. Read More

caportal

Major Benefits of GST (Goods and Services Tax) in India

Benefits of GST

The Goods and Service Tax is one of the biggest pecuniary reforms in India since from Independence. The big question for everyone is that what will be the benefits of GST in India? All businesses, whether it is small or large, will be affected by the implementation of GST Regime in India.

GST will be levied separately on both goods and services.  The GST has replaced all indirect taxes such as excise duty, custom duty, VAT, service tax and so on. Read More

caportal

Benefits of GST on Small Business – GST Effect on Small Business in India

Benefits of GST on Small Business

Good and Service Tax (GST) is a complex indirect tax levy on manufacture, sale and consumption of goods and services across India. New Goods and Service Tax (GST) has been implemented from 1st July 2017, it has removed all indirect taxes levied by the Central and State Government. The Central and State government implemented GST almost on all goods and services which is produced in India or imported in the country. Read More

caportal