How to Calculate GST? GST (Goods and Service Tax) Guide 101?

How to calculate GST? Implemented in 2017 with an aim to simplify the burdened taxation system of India, Goods and Services Tax is one of the most significant indirect tax…

Read more »

How to avail Input Tax Credit (ITC) if Supplier has not uploaded Invoices?

What is the Input Tax Credit (ITC)? The Input Tax Credit (ITC) is the tax paid on the purchase of goods or services which can be set off against the…

Read more »

GST: What is the meaning of GST, all you need to know.

The full form of GST is “Goods and Services Tax”. The journey of GST in India began in 2000 when the govt. set up a panel for drafting the law. It took 17 years for the law to evolve, and was finally implemented on 1st July 2017.

Read more »

Want to know, how to calculate GST? Follow these 5 steps guide.

To calculate GST, the following aspects in a transaction must be considered in a logical step by step manner. Step-by-step guide to calculate GST Step 1: Find the GST Rate…

Read more »

MSME definition, role and importance – all you need to know.

What is MSME? MSME stands for Micro, Small and Medium Enterprises. MSMEs are primarily engaged in producing, processing, or preserving products and materials. In India, MSMEs contribute nearly 8% of…

Read more »

Budget 2021: Top 10 important highlights for SME and Startup.

Budget 2021 is the first paperless budget by the Finance Ministry. There have been many initiatives taken to strengthen SME and Startup sector. Here’s Key highlights for SME and Startup,…

Read more »

Union Budget 2021: What SMEs and Start-ups can expect?

The year 2020 was a global challenge to all due to COVID-19 pandemic. As per the National Statistical Office, India’s GDP contracted by a record 7.7% during FY-2020-21.  With the…

Read more »