If you are a salaried employee and you think that GST is only for the business, then you might have to think again. The GST has become so vast that now it is spreading his wings even to affect the salaried employee.
In a significant move towards easing the pressure of the GST, government has provided the exemption to all the taxpayers from paying GST on advance received towards the supply of goods. Now the taxpayers will only need to pay taxes at the time of supply o
GST is reality and regular practice for all class of entrepreneur’s. Since it is single tax system, therefore, it does not only aim to reduce compliance burden but also it helps to eliminate the cascading effect.