gst

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Input Tax Credit (ITC)

Understand ITC in layman terms…   ITC or Input Tax Credit is an efficient way to say no to doubling of taxation. The government agrees that it is not fair to tax one single product several times, so ITC came … Read more


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GST for SME: fit or misfit

GST is biggest tax reforms of the country post independence, and yet a month after its’ introduction, Small and Medium Enterprises (SME) which are the biggest job-creators in India, are struggling to cope up with these changes. India has about … Read more


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GST: boon or bane for Agriculture

It is more like stating the obvious if said, agriculture is the most important part of the Indian economy. India, after all, is known as the land of farmers and ranks second worldwide in farm output. It is a matter … Read more


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Here Are 5 Reasons Why GST Is Unique In It’s Own Way…

France was the first country to introduce GST (in 1954), currently implemented in 106 countries in one form or the other. (economic times) The launch of GST was one of the few historically marked midnight sessions held by the parliament … Read more


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5 FACTS ON GST – YOU WOULD WANT T0 KNOW

 Under GST, goods are defined to be “every kind of movable property” and services are defined as “anything other than goods”. The literal meaning of the definition says even immovable property to be treated as services for the purpose of … Read more


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