What GST input tax credit? How to claim it?

Can I avail GST input tax credit benefit? If yes, how to avail it? It is one of the most frequently asked question by business community today. In this post, I will try to answer this question. In addition to that, I will also discuss GST & types of taxes under GST. What is GST? GST (Goods and Service Tax) is an indirect tax applicable on goods and services for the entire nation. The aim of GST is to create […]

GST Migration Procedure for Individual & Business

If you have not yet started GST migration process, you should do it now. The government has finalized roll out of GST from 1st July, 2017. GST Migration is a first step you should take as a business owner now. GST is about to replace all other taxes like service tax, sales tax, central excise etc. If you are existing PAN based Service Tax (ST) and Central Excise (CE) assesse you have to enroll and get provisional ID and password […]

GST Rate Card – How it will impact on your pocket?

GST Rate Card – Much awaited rule of GST will soon become reality. In the final meeting of GST council, GST slabs are already decided.  The government has released 213 pages GST draft containing a complete list of the products including tax rates. The GST rate card given in this document shows which product will get costlier and which product will be cheap. In some products tax waiver is given. However, in the majority of goods and services sharp rise […]