GST benefits | SAG Infotech Official Tax Blog

Suggestions for Indian States To Get Through GST Law Easily

The passage of the long-pending in both houses is no less than a milestone for a country like India. The govt expects that the GST law will bring the economy on track and the new tax reform will assure hassle free taxation system. The 122nd constitution amendment bill received President Pranab Mukherjee’s nod on Sept. 8 this month. Following this, the govt is striving to conquer the deadline of April 1, 2017. Recently, the GST council was formed over the decision taken by the union cabinet headed by Prime minister Narendra Modi.

Impact of GST on SMEs, MSMEs and Startups

GST is the biggest tax reform in India after the Independence. We have taken almost 60 years to pass a tax bill in which a uniform taxation system will be implied to all over the nation.

GST Implementation Could Bring better FDI, Says Legitimate Survey

Goods and Services Tax will be much more soothing to the nation as it will attract more and more Foreign Direct Investment inside the country. It will also increase the tax compliance which will increase the transparency, therefore creating a trustworthy relation between the business corporates and the government.

Do Professionals Need GST Return Cum GST Billing Software?

GST, a new era of indirect taxation law is all set to transform the current indirect taxation system which may propose to become applicable with effect from 1st April 2017. GST system is targeted to be simplified, transparent and efficient.

gst impact on automobile industry in india

GST Impact on Cars and Spare Parts Industry in India

The automobile Industry is very hopeful with the GST regime as the government is very cautious particularly for this sector. The industry of automobiles is tremendously big which tackles the manufacturing of a very large chunk of cars and bikes every year.

GST Impact on Indian Telecom Industry

India’s web of telecom industries is world’s second largest wireless market, which includes over a billion of active users. The scales shown by them shows their efforts to become one of the biggest success stories of the country. Work done by these firms literally have revolutionized the lives

GST Regime Alarms Solar Power Equipment Manufacturers Way Ahead

Solar power is still a budding sector in the nation with seamless benefits and low-cost operation. After the coming of GST in purview, the industry has applied a plea to the Finance and Commerce Ministry as one should know that the heavy costing by the implication of GST scheme will take the effect long.

GST Impact on Logistics and Warehousing Sector

The Goods and Services Tax (GST) regime is now ready to give a boost to the growth of the warehousing and logistics industry in India. New warehousing hubs are set to establish better facilities and better transportation and logistics services across the nation. According to a real estate consultancy firm JLL India, the implementation of GST has played a key role in the development of e-commerce giants and they will be able to choose a wide range of services across the country. It will undoubtedly benefit the logistics corner and offer cost saving on the consumer end. The GST bill has been implemented from 1st July 2017 and the government will facilitate E-filing of GST through online portals for filing procedures. With the advent of goods and services tax, it is also the support of e-commerce industry to further take the industry more worthy. As the scenario has changed a lot, the online shopping demands a firm supply chain to cater the needs of the general public.

GST (Goods and Services Tax) Impact on Common Man

Here in India, the maximum population is middle class and lower middle class where people either belong to service class or they depend on agriculture for their living. In this scenario, the most important question is what will be the impact of GST on a common man or a middle-class family. There are lots of question in the mind of a common man in these days such as : Is there anything new for him or it’s like an old material in a new package? Is there any tax refile for him in new tax provisions or it will increase the prices of goods and services for him?

Search results for: GST benefits

Suggestions for Indian States To Get Through GST Law Easily

Impact of GST on SMEs, MSMEs and Startups

GST Implementation Could Bring better FDI, Says Legitimate Survey

Do Professionals Need GST Return Cum GST Billing Software?

GST Impact on Cars and Spare Parts Industry in India

GST Impact on Indian Telecom Industry

GST Regime Alarms Solar Power Equipment Manufacturers Way Ahead

GST Impact on Logistics and Warehousing Sector

GST (Goods and Services Tax) Impact on Common Man

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