GST Archives - LegalRaasta - Simplifying compliance & finance tasks for Indian businesses

Composition Scheme under GST

The method of paying taxes can be a bit tiresome. It takes an ample amount of time to file GST periodically, as per the set norms. Hence, the introduction of the Composition Scheme under GST provides a cushion to the taxpayers. This scheme enables the taxpayers to easily pay their taxes, without proving to be a burden on them. It proves to be a boon for the small businesses, which [...]

By |2018-10-24T13:38:11+00:00May 24th, 2018|GST|Comments Off on Composition Scheme under GST

GST impact on startups

GST impact on startups GST impact on startups is more positive for better growth of a business. In December 2014, the bill of Goods and Service Tax (GST) was introduced in Lok Sabha. GST is payable on the transaction value, which includes: Packaging cost commission, and All other expenses incurred for sale It is a deemed benefit for all business in India and the tax is payable at the final [...]

By |2018-10-24T13:37:32+00:00March 28th, 2018|GST|Comments Off on GST impact on startups

How GST Software Benefits your Business

When a business is started, the tax department can demand different types of processes and registrations that revolve around VAT. Although this was the traditional method of starting a business, going through different files and taking up certain fees was a tedious task. To have a centralized process and to take away the pain of multiple VAT registration processes, GST was introduced. GST stands for Goods and Services Tax. The [...]

By |2018-10-24T13:24:22+00:00November 16th, 2017|GST|Comments Off on How GST Software Benefits your Business