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 blog ..read more

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 blog ..read more

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 blog ..read more

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 blog ..read more

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 blog ..read more

GST, or Goods and Services Tax is a new tax system that will combine different individual taxes such as VAT, Entertainment Tax, etc. into one single tax. This system is aimed at disincentivizing tax evasion, lowering prices over time, and most importantly- simplifying business operations. The GST bill (One Hundred and Twenty-second Amendment Bill) was […] The post GST: What is it? Why it Matters? appeared first on numberz blog ..read more

The Goods and Services Tax is a game-changing reform for the Indian economy as it will bring the net applicable tax on goods and services down to a great extent, and make the very act of doing business simpler and easier. However, one of the biggest features that GST will bring to the table is […] The post What is GST Input Tax Credit? How Does it Work? appeared first on numberz blog ..read more

GST, or Goods and Services Tax is a new tax system that will combine different individual taxes such as VAT, Entertainment Tax, etc. into one single tax. This system is aimed at disincentivizing tax evasion, lowering prices over time, and most importantly- simplifying business operations. The GST bill (One Hundred and Twenty-second Amendment Bill) was […] The post GST: What is it? Why it Matters? appeared first on numberz ..read more

The Goods and Services Tax is a game-changing reform for the Indian economy as it will bring the net applicable tax on goods and services down to a great extent, and make the very act of doing business simpler and easier. However, one of the biggest features that GST will bring to the table is […] The post What is GST Input Tax Credit? How Does it Work? appeared first on numberz ..read more