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GST will impacts on FMCG firms

GST will impacts on FMCG firms, The new Goods and Services Tax (GST) regime will bring several benefits of the economy, and could particularly valise (FMCG) the fast-moving consumer goods industry  Apart from driving supply chain inefficiencies, bringing untaxed players into the tax net—a large section of the industry still operates in the unorganized segment— will level the playing field for the larger, established players in the industry.   TheRead more

GST make homes expensive after 1 july 2017

GST make homes expensive after 1 July 2017 under-construction projects will attract a goods and services tax (GST) rate of 12%. Amid all the hullabaloo over the unified tax regime in the country, speculation is the ride on would it be lead to a hike in property prices?   Taxes are being rationalized which will lead to the increased transparency. There will be more clarity post and GST in termsRead more

4 Tasks you need to do before migrating to GST

4 Tasks you need to do before migrating  GST, With the recent approval of central GST laws and the rules by the lower house and the GST  Council respectively, implementation of GST in India from 1 July 2017 appears apparent. After knowing a broad structure of GST proposed for the India, it is time for the industry to focus on transition tasks to be undertaken to prepare for any unwarrantedRead more

How to Migrate to GST | Migration to GST

All the existing taxpayers registered under Sales tax, excise tax and VAT need to register on the common GST portal. The migration process is explained clearly in this article.Here is the step by step guide on how to migrate to GST. Steps of GST migration Create User ID and password on the common portal Do submit the business details All the details related to proprietor, partner and etc shouldRead more

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