When the GST system was introduced there was a great deal of fear that it would be overly complicated and too hard for business to administer. In fact, the GST system can be distilled down to several ...

Most entrepreneurs eventually reach a point where they need to start charging the goods and services tax (GST) or the harmonized sales tax (HST). But which one? And when should they begin? Here are a ...

The government is preparing for a July-1 launch for GST, which will change the concept of levy of indirect taxes. With a little more than two months to go, it is important businesses understand this ...

June 30: A good tax system must have certain characteristics for it to become truly effective: it should have a broad base, a low single rate or minimum rate differentiation, low compliance cost and ...

This is a user generated content for MyStory, a YourStory initiative to enable its community to contribute and have their voices heard. The views and writings here ...

The GST Council, which has made items such as cereals and foodgrain tax-free, may impose a 5 per cent levy on branded foodgrain and cereals. New Delhi, May 22: The GST Council, which has made items ...

Despite the GST system having been with us for almost 14 years, new business owners often find its rules and regulations confusing and intimidating. Thankfully once a person understands the basics of ...

When a person owns a business they inevitably must become involved in a certain amount of paper warfare. In addition to being required to prepare and lodge income tax returns the owners can be ...