Earlier this month, Paytm Mall had launched a comprehensive seller-assistance programme to help merchants become GST-compliant on its platform. The company helped sellers get accessed to GST network (GSTN) numbers.
…
GST News Feed
GST facts: 6 important things every businessman & taxpayer should know
GST is an indirect tax for the whole nation, aimed at making India a unified common market. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer.
…
GST to bring thrust to country’s economy: India Inc
Tax revenues of the government would go up with expanded tax net, and fiscal deficit would remain under control. Further, exports would emerge as more competitive in global markets, while FDI is likely to be encouraged,
…
GST to double GDP growth in 8-9 years: Suresh Prabhu
Implementation of the goods and services tax (GST) will double the gross domestic product (GDP) in the next 8-9 years, Union Minister for Railways Suresh Prabhu has said. He said, “The GST aims at increasing the number of taxpayers. And, as the tax revenue rises, the GDP will also increase.…
GST will contribute to India’s GDP growth with ease of doing biz: Moody’s
Implementation of the goods and services tax (GST) will be positive for India’s rating as it will lead to higher gross domestic product (GDP) growth and increased tax revenues, Moody’s Investors Service said. “Over the medium term, we expect that the GST will contribute to produ…
GST Impact: ‘Centre should provide spur to MSME sector’
The Centre has to provide an incentive along the lines of Modvat credit to mitigate the adverse impact of the Goods and Services Tax on micro and tiny manufacturing units, say representatives in the MSME sector. Micro and tiny industrial units with turnover of less than Rs 20 lakh, are exempted u…
GST to simplify trade & boost GDP growth: Narayana Murthy
Infosys founder N R Narayana Murthy believes the goods and services tax (GST) will simplify trade, boost the economy, and generate jobs. While the GST Network might encounter a few teething problems, that was part of any large implementation, he said in an interview. Q: Do you think implementatio…
GST impact on corporates & MSMEs: 8 key factors they need to focus on
With GST ringing in, the government has been true to its promise of introducing GST on July 1. With the promise being completed, it is now up to assessees to reap the benefits. Though there may still be fears in the business community—big and small alike. Nonetheless, assessees will now need to c…
IndiaFilings launches cloud-based GST accounting software for SMEs
IndiaFilings, India’s largest online business services platform announced the launch of LEDGERS, a Goods and Services Tax (GST) accounting software specially designed for SMEs. IndiaFilings.com receives over a million visitors each month. The company has a team of over 300 employees at five…
GST Impact: India’s small businesses struggle with tax revolution
The government has vowed that the goods and services tax (GST) will transform the economy by bringing more businesses into the digital system and filling state coffers, but for shopkeeper Sanjay Kumar Rai, who has never used a computer, the transition is terrifying. Rai is one of hundreds of thou…