Small businesses are the backbone of Indian economics. They drive the velocity of country’s economics, industrial growth, and catalyst for job creation. However, a large number of businesses in the country are unorganized and irregular in filing returns and paying taxes. This could be due t…
Tag: VAT
Higher GST on inputs accessories to hit tractor makers
Chennai: The Goods and Services Tax (GST) is likely to hit makers of tractors and ultimately farmers who buy them. The inputs and accessories of a tractor now attract a total tax of 17.5% now (central value added tax (Cenvat) of 12.5% plus state VAT of 5%). About 70% of the inputs that go into [&…
Disparity in GST worries match industry
The long wait for the Goods and Services Tax (GST), which was introduced by the Centre recently, has disappointed producers of safety matches. There was much anticipation that the different categories in production would be brought on the same platform under a uniform system of taxation. But the …
GST will be a tough job, but not for the reasons you think!
Are you a businessman? If you are, then it’s statistically likely that you cheat on taxes. From the roads you drive on to the army that defends you, your share is partly paid for by others, mostly by salary-earners who can afford it less than you can. Don’t get offended but the fact i…
‘Gems & jewellery trade fully ready for GST roll out from July’
The gems and jewellery trade is fully prepared for the GST regime, to be implemented from July 1, industry body GJF said on May 16 and hoped that the Centre would levy only 1.25 per cent tax on the sector. It attracts 2 per cent tax (one per cent each of excise and VAT) at […]
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LegalRaasta raises $5 m in Series A round from Impanix Capital
Delhi-based start-up, LegalRaasta, which provides finance & taxation services to SMEs, has raised around $5 million in Series A funding from Impanix Capital. LegalRaasta plans to use these funds in building GST compliance software for SMEs, CAs & enterprises. They will offer both a standa…
GST: टैक्स फोरम की मांग, जीएसटी के तहत दी गई जानकारियों की सुरक्षा करे सरकार
ऑल इंडिया टैक्स एडवोकेट फोरम (एआईटीएएफ) ने सरकार से मांग की है कि नए वस्तु एवं सर्विस टैक्स (जीएसटी) व्यवस्था के अंतर्गत मूल्यांकन के आधार पर उपलब्ध कराए गए विवरणों की गोपनीयता को वह सुनिश्चित करें। एआईटीएएफ के अध्यक्ष एम के गांधी ने कहा है कि जीएसटी नियम तैयार करते समय, नए कर प्रणाली के [&hellip…
Indian start-ups must compete without protection: DSG Consumer Partners Asia Founder
The reluctance of venture capitalists (VCs) to fund non-tech businesses and consumer-focused products is largely related to “pace of scale”—it takes a very long time, often decades, for a non-tech consumer business to create a brand and become a market leader, says Deepak I. Shahdadpuri, founder …
GST not to be inflationary, says Hasmukh Adhia
With the GST rollout now only a matter of time, the Modi government is engaged, in a war-footing, on laying down the infrastructure, with Union Revenue Secretary, Dr Hasmukh Adhia, touring the country, meeting all the stakeholders and allaying apprehensions, if any. In an interview Adhia answers …
GST: गुड्स एंड सर्विसेज टैक्स के अधिनियमों ने उड़ाई SME की नींद
जानकारों का कहना है कि गुड्स एंड सर्विसेज टैक्स (जीएसटी) में सरकार और टैक्स देने वाले समुदाय ने जीएसटी से एमएसएमई (SMEs) पर पड़ने वाले असर को नजरअंदाज कर दिया है। यही वजह है कि कई एमएसएमई अब खुलकर आगे आ रहे हैं और अपनी समस्याओं को सरकार के सामने रख रहे हैं। घटेगी उत्पाद […]
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