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Goods & Services Tax by Shashank Shekhar

What is goods and services tax network (GSTN) ?

Hey guys, I bet you don't know what is GSTN. Let me tell you, Goods and Services Tax Network (GSTN) is a government company which operates not for profit. It was incorporated on March 28, 2013. The Company has been set up primarily to provide IT infrastructure and services to the Central and State Governments, tax payers and other stakeholders for the implementation of the Goods and Services Tax (GSTN).

Commentaries/Analysis,Mar. 15, 2017
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Goods & Services Tax by Shashank Shekhar
Commentaries/Analysis,Mar. 15, 2017

Hey businessmen, we have handcrafted this article for you. In this article we will discuss about inputs and how you will be able to get input tax credit in GST.The core of GST and the business is its availability to avail credit of input tax paid on all inputs and input services used in the business. An attempt has been in this note to to analyze the provisions contained in the Model GST laws relating to input tax and credit thereof.

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Income Tax by Kanishka Mehta

People expect a tax friendly budget this time

FM should be able to introduce a tax friendly budget this time. People of India, expect a hike in tax slab from Rs2.5lac to Rs4lac. Corporates expect the tax rate to reduce from 30% to 28%. Small traders expect the increase in turnover for tax audit from Rs1Crore to Rs1.5Crore. More or less, these all expectations have resulted from the demonetisation scheme launched by the PM earlier.

Articles ,Jan. 30, 2017
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