by Groflex | Feb 3, 2023 | Briefly explained
India is a nation that is emerging towards the greatest days of all time. With the literacy rate up to almost 75% of 132 crores of the population, people are now ready to educate themselves and find transparency in everything that the government offers. Recently, GST...
by Groflex | Feb 1, 2023 | Briefly explained
According to the Budget 2021, the non-filers of income tax for the last two fiscal years will be subject to a higher TDS (Tax Deducted at Source), and TCS (Tax Collected at Source) rate. It is in case the tax deduction was 50,000 INR or more in each of those two...
by Groflex | Jan 30, 2023 | Briefly explained
Goods and Services Tax (GST), so far, is one of the most nuanced tax reforms implemented by the Government of India (GOI). The primary agenda behind introducing GST was to eliminate the rippling effects of various taxes applicable under the Value Added Tax (VAT),...
by Groflex | Jan 24, 2023 | Briefly explained
The payment of Goods and Services Tax (GST) online has made tax payments easy and transparent. As a registered taxpayer of GST, you have access to three electronic ledgers, i.e. electronic liability ledger, electronic cash ledger, and electronic credit ledger. The...
by Groflex | Jan 20, 2023 | Briefly explained
The time has come for businesses to prep themselves for their next GST returns filing. As the dates are nearing, it is crucial to issue tax invoices as per the recent GST guidelines to eliminate the risks of facing barriers. As businesses mark the beginning of the new...
