GST is the biggest reform proposed in the Tax Regime of our country after Independence. It is something that each of us must understand as it is going to affect our lives in a very significant manner. PRESENT INDIRECT TAX STRUCTURE First we need to understand the present indirect tax system. There are endless taxes […]

GST એ ગુડસ અને સર્વિસ એમ બંને પર લાગતો ટેક્ષ છે. GST ના અમલમાં આવ્યા બાદ અનેક પ્રકારના ટેક્ષ નાબુદ થશે સાથે જ અનેક પ્રકારના ટેક્ષ ભરવાની જંજાળ માંથી મુક્તિ મળશે. GST એ કેન્દ્ર સરકાર અને રાજ્ય સરકાર એમ બંને દ્વારા વસુલવામાં આવશે. કેન્દ્ર સરકાર દ્વારા CGST એટલેકે સેન્ટ્રલ જીએસટી અને રાજ્ય સરકાર દ્વારા SGST […]

REGISTRATION OF GST The proposals in the report on the business processes for registration are based on the following assumptions: A legal person without GST registration can neither collect GST from customers nor will be able to claim input tax credit of GST paid by him. A person engaged in the supply of goods or […]

Since June 1st 2013, when a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs 50lakhs, he has to deduct TDS when he pays the seller. The buyer has to deduct TDS at 1% of the total sale consideration. Note that […]

The Ministry of Small Scale Industries (SSI) is operating a scheme for Technology Up gradation of Small Scale Industries (SSI) called the Credit Linked Capital Subsidy Scheme (CLCSS). The Scheme aims at facilitating technology up gradation by providing upfront capital subsidy to SSI units, including tiny, khadi, village and coir industrial units, on institutional finance […]