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Nation-wide e-way bill set for roll out from Jan

mytaxadmin
December 16, 2017

Under GST rules, ferrying goods worth more than Rs 50,000 within or outside a state will require securing an electronic-way bill by prior online registration of the consignment. Ferrying goods across states may get quicker from next month with the…

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GST Composition Scheme

Nikhil Malaviya
November 4, 2017

Need to Introduce GST Composition Scheme Every tax administration aims towards timely recovery of taxes, filing of returns, simplified generation and maintenance of records, invoices and others documents. Such elements are often a challenge for small businesses. To overcome this…

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Maintenance of records/accounts for GST

mytaxadmin
June 2, 2017

Lets have a look at maintenance of accounts & records for GST. A.Every registered person shall maintain at his PRINCIPAL PLACE OF BUSINESS accounts relating to:- 1.Details of Purchase made, 2.Details of Manufacture, 3.Details of stock of goods, 4.Details of…

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Q & A on GST

mytaxadmin
June 1, 2017

At Taxfreedom, we are committed to make taxation simple for small business owners in India. Since GST is set to replace various indirect taxes, we have started this series on frequently asked questions on GST. Business owners are often confused about…

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GST rates in various countries

mytaxadmin
May 30, 2017

Countries such as Singapore & New Zealand, tax virtually everything at a single rate. Indonesia has five positive rates-a zero rate & over 30 categories of exemptions. In China, GST applies only to goods and the provision of repairs, replacement…

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Impact of GST on Various Industries

mytaxadmin
May 30, 2017

Telecom Positive Handset prices likely to come down/even out across states. Manufacturers are also likely to pass on to consumers cost benefits they will get from consolidating their warehouses and efficiently managing inventory. For handset makers, GST will bring in…

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GST Threshold

mytaxadmin
May 30, 2017

In respect to GST Model Law it would mean a financial limit of turnover /threshold of supply of goods & services, beyond which the supplier of goods & services would be liable to pay tax and for registration under GST…

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