by Groflex | Jan 20, 2023 | Briefly explained
The Goods and Service Tax (GST); a new taxation system in India, has replaced many of the existing indirect taxes. The complicated GST invoice format of the asset-based tax system is now eliminated under GST, a destination-based tax system. It has replaced several...
by Groflex | Jan 19, 2023 | Accounting Software
Small businesses in India are increasingly transiting to the Goods and Services Tax (GST) regime. GST accounting is a more comfortable and cost-effective approach to all the indirect tax systems that previously existed in the country. Since the GST launch in July...
by Groflex | Jan 19, 2023 | Accounting Software
The Goods and Services Tax (GST) implementation has primarily impacted the way start-ups operated in India. It has significantly increased the number of new start-ups in the past three years of successful implementation. The advent of a new tax regime was crucial to...
by Groflex | Jan 19, 2023 | Briefly explained
The GST council of India has completed three years of the GST regime. However, the government is still striving to address various issues and concerns to build a sound taxation system. While the government was resolving downsides concerning the impact of GST on the...
by Groflex | Jan 19, 2023 | Briefly explained
The government of India approved the Standard GST Invoice Template at its 37th GST Council Meeting. In January 2020, e-invoicing was accepted by the GST Council. Like the new GST filing system, the electronic invoicing standard will be applied on a voluntary basis....
