The Goods and Services Tax, popularly known as the GST is a single unified tax system whose primary focus is to consolidate the several tax systems that have plagued India’s current tax regime. You may have heard of One Nation – One tax – this concept has become popular in an attempt to do away…
This article provides a focus on the key provisions and highlights of the highly anticipated GST Model Law, the draft of which was available to the public on November 26, 2016. We have simplified the understanding of the same by dividing it into three essential categories of highlighting the changes proposed, segregating additions to the…
Since independence, GST is one of the biggest tax reforms to hit India – in a very positive way. The Goods and Services Tax Bill, popularly known as GST was unanimously passed on August 3, 2016, by way of the Constitutional Bill in the Rajya Sabha, to come into force with effect from April 1,…
As the GST has been rolled out, a lot of speculation has gone into understanding the changes that the tax has brought and effects it has had on various businesses from both the supply as well as the customer’s end. Considering this, you must be ridden with questions ranging from what to ask your tax…
Under the GST, the Composition scheme has been rolled out which provides a much easier and simpler method of compliance for small dealers. The GST Composition Levy Scheme is considered to be highly convenient for small dealers as they are equipped to pay taxes only at a certain percentage of the turnover, file quarterly returns…
With respect to the GST, there are two kinds of taxes levied on supply – on the intrastate and the interstate. The central government and the respective state governments levy taxes on the intrastate supplies. Additionally, there are taxes levied on goods and services within Union Territories known as the Union Territory GST. As of…
Project Management Software is a tool used to make optimum utilization of the resources within an organization. It assists in the management of employee data, time records, information of past and present clients as well as organizing tasks based on prospective projects. Why should one utilize a Project Management Software? Project management tools are very…
Enterprise resource planning or ERP is a business process management software that enables an organization to use a system of integrated applications for business management through automated functions. These functions include assisting back-office functions of technology, services, and human resources. These are 6 ways to optimize organization performance using ERP. Various organizations across sectors have…