Table of Contents 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 reforms enacted in any democratic country in the world. Before this tax, goods and services were under various taxes such as excise, […]
Tag: Startup
Table of Contents 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 tax liability on the sale of goods or services. How to avail Input Tax Credit (ITC) if your Supplier has not uploaded […]
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, Nirmala Sitharaman announced in the first digital budget. Table of Contents Incentivising OPC Setup Budgetary Allocation Extending Tax Holiday Insolvency Resolution Customs Duty Slashed Digital […]
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 Union budget scheduled to be announced on the 1st of February, various sectors and start-ups, and SME’s are eagerly waiting for the annual budget. The […]