Introduction Initially, India's tax system involved various direct and indirect taxes to cover multiple financial transactions. However, these taxes turned out to have an overlapping effect on each other, giving…
Introduction The inclusion of technology in the taxation system of India increased rapidly with the implementation of GST. For a populace like that of India, this shift was a challenging…
Introduction Timely and accurate GST returns make the taxation process simpler for applicants. These returns are the immediate sources of collecting revenue for the government. The data gathered from returns…
Introduction GST was meant to ease the process involved in financial transactions and tax applicability. In such a milieu, maintaining records becomes the foremost important step. A healthy and accurate…
Introduction Before the inclusion of GST into the Indian taxation system, stock transfers were subjected to several taxes at different levels. GST changed this scenario and simplified the process by…
Introduction The valuation rules have eased out the GST process. However, several challenges remain. The interpretation of certain provisions, like related persons, requires clarification. Many concerns exist in the cost-based…
Introduction The new GST system aimed to make taxes more straightforward to understand and more manageable for taxpayers. Its main goal was to give businesses the information and resources they…
