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The Goods and Services Tax or GST will need to run on an IT platform with tools like GSP or GST Suvidha Provider and ASP or Application Service Providers to support it. GSP basically stands for GST Suvidha Provider and through this, taxpayers and users can carry out the GST provisions vis-à-vis an online platform. Read more>>
The GST or Goods and Services Tax regime has invited quite a bit of deliberation from different quarters, and with good reasons too. Whether it the pre-implementation discussions or the post-implementation concerns, experts have spent a lot of time deliberating on the various aspects of this tax regimen. The current focus is on finding ways Read more>>
GST (Goods and Services Tax) was implemented on July 1, 2017. Businesses don’t really have a good idea of how to file GST. This is where GSPs help businesses. GSP stands for GST Suvidha Provider. These government registered entities act as enablers for businesses to comply with the intricate laws of GST with the help of Read more>>
GST (Goods and Service Tax) has been introduced to expand the tax net through 101st amendment of constitution. They say 101 is an auspicious number and therefore the rolling out of GST will have good effect in the economy. Goods and Services tax has come to effect from July 1, 2017. This new tax has Read more>>
Central government has rolled out Goods and Services Tax (GST) with lots of expectations, on one hand, and resistances, on the other. No matter which vertical a business belongs to, it is definitely going to be affected. GST is considered to be the most radical tax reforms in India. Reports say that this radical tax Read more>>
The Goods and Services Tax or GST is expected to be a game-changer in the Indian tax system. As expected, there are bound to be many changes within the IT framework in businesses for this tax to be implemented. The main idea behind the GST is to do away multiple indirect taxes such as VAT, Read more>>
If you have a budding business whose annual sale is more than 20 lakhs, you must be fully ready to embrace the change. When it is GST, the first thing it needs you to embrace is the technology driven change. So, the first thing you should embrace is the advanced enterprise technology. It is not Read more>>
While the GST or Goods and Services Tax have been designed to unify the tax regime, consolidating many taxes into a single tax, there are bound to be new challenges. A single tax is meant to lower costs for businesses since it will lessen overall tax burdens. But IT teams have to now get down Read more>>
India is poised to witness a historical tax reform at the dawn of July 1st 2017 as the nation welcomes new Goods and Services Tax bill that will transform the existing fragmented market into a singular and unified entity. GST will usher a new economic era to help simplify complexities of the current tax system. Read more>>
In terms of implications and the scale, Goods and Services Tax (GST) deserves to be called as the single largest tax reform in the history of India. This tax reform will kick-start the new system of destination oriented consumption tax and will comprise of interstate as well intrastate commerce and trade transactions. Lucrative subsidiary planned Read more>>
GST or Goods and Services Tax is rated as a historical tax reform and every Indian is looking forward to unleashing of ‘one nation one tax’ regime at the stroke of midnight on 30th June 2017. GST is a certainty as the Hon. Finance Minister has said in no uncertain terms that it will be Read more>>