GST

Narendra Kumar

29 Dec, 2020

In India, several talks and discussions on “GST Implementation” began back from the year 2000. And finally, after 16 long years, i.e., on 08.08.2016, w...

Ashish M. Shaji

03 Dec, 2020

Though GST registration under composition scheme has been appreciated by the startups and SME, there are many limitations of Composition Scheme under GST....

Ashish M. Shaji

03 Dec, 2020

We have discussed a lot about Input Tax Credit in our previous blogs, a lot of related topics and conditions relating to claiming ITC under different situa...

Ashish M. Shaji

03 Dec, 2020

There are various demerits of Composition Scheme which taxpayers have started to realize if they have opted for GST registration under this Scheme. This...

Ashish M. Shaji

02 Dec, 2020

GST is expected to be a great tax reforms in the Indian taxation system however, for a country like India where computer literacy is about 7% to 9%, it’s...

Ashish M. Shaji

17 Mar, 2023

Composition scheme is an alternative method to tax small taxpayers. It simplifies compliances and reduces compliance costs. The objective behind introducti...

Ashish M. Shaji

25 Nov, 2020

Central Goods and Service Tax Act, 2017 was implemented from 1st July 26, 2017. It has an objective to unify all the indirect taxes and cover them under a...

Ashish M. Shaji

25 Nov, 2020

One of the benefits of GST registration in India is that the taxpayer is eligible to claim ITC for taxes paid on inward supplies. This was done to fulfil...