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If you are running your business, then you must understand the laws of the state you are working in. It is necessary for you to pay all of your taxes so you can become a responsible citizen. As a business owner, you must file business tax returns and keep yourself on track. tax return However, […]

The post How to Choose the Tax Return Prepare for Your Business appeared first on numberz.

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Under the Goods and Services Tax (GST) regime, if you supply goods/services to someone as a pure agent, then its expenditure can be excluded from the value of supply. However, before you learn how this system is implemented, it’s important to know what constitutes as a “Pure Agent” exactly. Pure Agent Under GST GST defines […]

The post How to Calculate the Pure Agent Value in GST appeared first on numberz.

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It’s no secret that the old taxation system is out, and the new Goods and Services Tax (GST) regime is in. Although it was met with a mixed response at the time of launch, businesses are slowly becoming accustomed to it which is a good sign. One of the most highlighted features of GST is […]

The post GSTN Impact on the Businesses in India appeared first on numberz.

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It’s been a while since the Goods and Services Tax (GST) regime was implemented all across the nation and the improvements are already apparent. However, the government wants GST to work at all costs. So, taking no chances, it has set up an anti-profiteering clause to check the businesses that are non-compliant in the GST […]

The post Consequences of Not Forwarding GST Benefits to Your Customers appeared first on numberz.

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India is one of the most popular destinations in the retail arena around the world. Thanks to high market potential and low economic risk it is considered as a highly profitable country for the retailers. wholesalers Although India provides an ideal atmosphere for doing business, more than 90% of the retail industry is unorganized.  GST regime […]

The post How will GST Affect the Wholesale Market in India? appeared first on numberz.

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The Goods and Services Tax Council has made several revisions of the Goods and Services Tax model on the basis of the representations provided by the industry stakeholders. These include simplification of work procedures, allocating lower tax slabs to certain goods, elimination of taxes on securities, etc. One of the most important changes made in […]

The post GST Bill’s ‘Anti-Profiteering’ Clause: Things You Need to Know appeared first on numberz.

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Businesses usually have their network of head offices and branch offices apart from the manufacturing and distribution units all over the country. Without a doubt, the system is intricate and complex to handle at times. To centralise the entire system, and make it simpler in the process, Input Service Distributor (ISD) was created under the […]

The post Input Service Distributor Under GST Regime appeared first on numberz.

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About the Author Swapnil Gorde Domain Expert, GST Swapnil is a tax expert having expertise in direct and indirect taxation for over 15 years. He has been speaking at ICAI conferences on E-governance and has post qualification expertise of more than 20 years. Currently, he is working with numberz as GST consultant. To understand the […]

The post From Editor’s Desk: Understanding Place of Supply appeared first on numberz.

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Movement of goods in India, especially from one state to another has been a problem since years. The reason? Waybill compliance that’s riddled with all kinds of complexities. However, the Goods and Services Tax is expected to mark a significant improvement with the e-way bills. Movement of Goods Now Let’s first understand what happens when […]

The post All You Need To Know About The E-Way Bill Under GST appeared first on numberz.

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The Goods and Services Tax is all set to be rolled out on July 1. Needless to say, both manufacturers and service providers are anxiously waiting for the same. On one side, there are concerns about increased compliance burden, and on the other side, there are expectations of simplicity and excellent features such as input […]

The post GST Impact on Service Providers appeared first on numberz.

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