GST

Impact of GST on common man.

Impact of GST on common man.

Simplicity over complexity’, seemed to be the motto of Hon’ble Union Finance Minister Arun Jaitley, while introducing the much in debate GST bill. And it is for the common man of India. The bill called a game changer in every respect is supposed to roll out major changes for the country. It is basically a […]
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Impact of GST on Pharmaceutical Industry.

Impact of GST on Pharmaceutical Industry.

The Goods and Services tax (GST) is one of the India’s biggest indirect tax renovations. It is expected to be beneficial for Indian drug makers in long run as its objective is to simplify tax structure and bring operational efficiency. However, the details such as the application of the rates to Pharma is not known […]
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Procedures for payment of IGST, CGST and SGST

Procedures for payment of IGST, CGST and SGST

The GST bill which is officially known as The Constitution (One Hundred and twenty second Amendment) Bill, 2014, is an indirect tax that is levied by the Central and State governments on purchase and sale of goods and services except a few which are exempted. This bill subsumed many indirect taxes at the central and […]
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What does the term supply means under the GST?

What does the term supply means under the GST?

India is going to witness the greatest reform in the indirect tax of unmatched significance in free India -the Goods and Service Tax. In accordance with the worldwide practices, idea of goal based tax collection would introduce under Goods and Service Tax. GST would be the amalgamation of 17 major indirect taxes i.e. Service assess, […]
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