Tag: jaipur

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What is the new GSTR-3B? Should I be worried?

The rumors and myths regarding the extension of GST implementation schedule do not hold good at this stage as the government is all set to roll out the new indirect tax regime from 1-July-2017. The 17th GST Council Meeting that concluded on 18-June-2017 came out with a number of major decisions. A welcome decision taken

Pre-GST Discounts: Why and where?

The D-day in the history of Indian indirect tax regime is less than a week away now and ahead of it, all the business players have started giving mega discounts to clear off their inventory before starting their new innings with GST. Not only the retailers at the physical market but even the e-commerce traders

GST: Common myths busted!

Every coin has two sides and so is with GST. There are both positives and negatives of the new GST system that will turn around the indirect tax system in India. India is a latecomer in the league of GST system as the Goods and Service Tax is already prevalent in 150 countries across the

GST Council Meetings – Timeline and their announcements

Introduction: The GST Council will consist of: the Union Finance Minister (as Chairman), the Union Minister of State in charge of Revenue or Finance, and the Minister in charge of Finance or Taxation or any other Minister, nominated by each state government. All decisions of the GST Council will be made by the three-fourth majority