1. All the Ministers, MP’s, MLA’s and Judges in India are under wrong impression that only Chartered Accountants are in practice of taxation. Therefore, the taxation laws are being drafted only with the advice of Chartered Accountants working in various Government Departments or as the case may be with the advice of the Institute of […]
GST – All those travel bugs who go places across the nation and spend a lot of their days in hotels might have something to rejoice once the GST regime is rolled out.
GST Compliance rating score shall be determined on the basis of certain parameters such as timely furnishing of returns, accuracy of data furnished, timely payment of taxes, etc.
Once GST comes into action, consumers will have to pay a single tax, the likely rate for which will be anywhere between 18-20 per cent. Hence the overall rate of tax on consumers will reduce significantly.
Manufacturers, Traders and Service Providers will have to get registered under the new GST regime. Here are some important things to know about GST Registration and obtaining GSTIN.