by Groflex | Jan 20, 2023 | Briefly explained
The Goods and Services Tax (GST) has brought significant changes to the Indian economy. It has been consistently reshaping the tax calculation system. However, it has also confused taxpayers and people in business concerning the GST laws and rules. The new GST tax...
by Groflex | Jan 20, 2023 | Briefly explained
India’s government has extended the due dates for filing GST returns and audit reports for the financial year – from 19 to 30th September 2020. The second GST audit extension was provided to e-way bills until 24th March. The validity of the same expired...
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
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 17, 2023 | Briefly explained
The COVID-19 pandemic has led to a set of unfortunate outbreaks in the Indian economy. Economic activities had come to a standstill due to the nationwide lockdown imposed by the government. The impact prompted the government to change tax calculations to provide...
