The Goods and Service Tax in India is categorized into four subgroups: CGST (Central Goods and Services Tax) Intrastate or within-the-state transactions are subject to the CGST tax under India’s GST regime. The CGST Act controls the CGST. India’s Central Government is responsible for looking into the CGST income. IGST (Integrated Goods and Services Tax) […]
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The government of India has introduced and reformed the old tax schemes and given birth to GST. This scheme promises to give India an increase of 9% growth rate in the economy. With the Goods and Service Tax (GST), there would be four GST bills. They are Central GST (CGST), Integrated GST (IGST), Union Territory
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The government of India aims at making the country a robust startup ecosystem. It has made a separate department to support entrepreneurs and start-ups. In addition, it has introduced many schemes to support new start-ups and businesses. Let us take a look at some of these schemes. Start-up India Seed fund is worth INR 1,000
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The Goods and Services Tax system introduced by the Government of India in 2017 has revolutionized the Indian taxation regime. The GST system is a ‘one tax for all’ system that bought unity among all taxpayers in the country. The GST system requires a business to collect taxes levied on all products and services. The
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