The implementation of the Goods and Services Tax (GST) has a significant influence on the global taxation system, particularly in India, Canada, and Australia. The dense network of governmental laws and regulations controlling the careful collection, proper filing, and prompt payment of GST is governed by this multilayered framework, which...
The comprehensive indirect tax known as the Goods and Services Tax (GST) has completely changed the way that taxes are collected in India. It has taken the place of numerous indirect taxes, resulting in a more unified and open tax system. The rate structure of the GST, which establishes the...
Have you finally grasped the idea of GST? Let's dig deeper. Goods and Services Tax, commonly known as GST, has revolutionized the taxation system in India. One crucial aspect of GST is the GSTIN, or Goods and Services Tax Identification Number, which is essential for businesses to operate under this...
The introduction of the Goods and Services Tax (GST) in India marked a pivotal moment in the country's tax landscape. This comprehensive tax reform, implemented on July 1st, 2017, sought to simplify and streamline the taxation of goods and services, replacing a multitude of previous indirect taxes. In this article,...
Goods and Services Tax (GST) has been a transformative reform in the Indian tax system. It replaced various indirect taxes, unifying the tax structure across the country. This article explores the concept of GST in India, its journey, objectives, and types. What is GST? India first implemented the Goods and Services Tax...
Living in a hostel or PG may become more costly in the future. How? Let’s understand. In two separate rulings, the GST-Authority for Advance Rulings (AAR), has held that hostel and PG rent paid by inhabitants does not qualify for exemption under goods and service tax (GST) because it is not...
