• Garima Singh
  • 18-May-2019

Impact of GST on Indian economy

Benefits of GST to the Indian Economy. Removal of bundled indirect taxes such as VAT, CST, Service tax, CAD, SAD, and Excise. Less tax compliance and a simplified tax policy compared to current tax structure. Removal of cascading effect of taxes i.e. removes tax on tax.

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  • Aman Jaluka
  • 30-Apr-2019
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LATEST UPDATE ON GST FOR  FILLING RETURN FOR THE FY-2019-20

GSTR 1 or return of outward supplies must be filed by all taxpayers having regular GST registration. The due date for filing GSTR 1 return is the 10th of every month. For July, September and October, the GST return due dates are different from the normal schedule.

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  • Aman Jaluka
  • 30-Apr-2019
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BUDGET 2019-20: WHY NO TAX UPTO 5LAKH (CLEAR YOUR CONFUSION)

You can claim the rebate of all tax payable if your taxable income is up to Rs 5 lakh under section 87A in your ITR when you file it. If you have income up to Rs 5 lakh but don't file your ITR assuming that your tax payable is zero you are liable to get a notice from the income tax department

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  • Aman Jaluka
  • 29-Apr-2019

TAX AND ITS CLASSIFICATION?

There are two types of taxes namely, direct taxes and indirect taxes. The implementation of both the taxes differs. You pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the taxes indirectly, like sales tax, service tax, and value added tax etc.

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