Tag: ITC

Brief Idea About GST Composition Scheme

We have discussed GST in our previous article. And we know about rates and how they tax it. Now its is time to consider GST Composition Scheme related to small traders. Small traders have many queries like if someone is selling a Nail or doing any small scale business, how will he survive in the

GST Registration Procedure in India

Any firm doing a taxable supply of goods/services after GST Bill implementation and whose Annual turnover surpasses the limit of INR 10 lakh or 20 Lakh (as applicable) will be obliged to enroll as a regular taxable person. This process is of enrollment is called GST registration. GST Registration is Important. Why????? GST registration is

An Overview To GST In India

As we all know GST is now in action in India, but still so many queries are there in the minds of Common people, Businessmen, Industrialists, employees, etc. The full form of GST is Goods and Services Tax. Here I am trying my best to explain GST straightforwardly. GST was proposed much earlier in India