What is GST and how does it work? – With example

By Paras Mehra January 11, 2017

GST is a consumption based tax and a comprehensive indirect tax which shall levy on supply of goods and services in India. It is transformation of taxes in India.

What is the impact of GST on cess like Swachh Bharat cess etc? What is SIN cess?

By Paras Mehra January 11, 2017

From Swachh Bharat Cess to Education cess, there are presently being 30 cesses and surcharges being levied by the government. However, proposed GST regime, all the cesses and surcharge shall be subsumed into GST tax rate.

Challenges before Government to Implement GST in India

By Paras Mehra January 10, 2017

GST council is the supreme authority to take decisions over critical points under GST. The exemption and tax structure has already been approved by the council.

Expected GST Rollout Date – Between April to July 2017

By Paras Mehra January 10, 2017

As per the most trusted sources, the government is firing all cylinders to meet the due date of April 1, 2017, for GST roll out.

Goods and Services Tax (GST) - Impact on Fiscal Deficit in India

By Paras Mehra January 10, 2017

The fiscal deficit is a difference between the total expenditure and the total revenue it generates during a fiscal year.

GST Impact on Common Man

By Paras Mehra January 10, 2017

Indirect taxes are born by the ultimate consumer of goods or services and hence, there is no denying fact that GST will impact every single person in India.

GST Impact on Debt to GDP Ratio

By Paras Mehra January 10, 2017

Debt to GDP ratio is the ratio between a nation’s government debt and its GDP. It is calculated cumulatively. Lower the debt to GDP ratio, sounder is the economy.

GST Impact on Exports and Current Account Deficit (CAD)

By Paras Mehra January 10, 2017

Current Account Deficit is a situation when nation’s value of imports is greater than the value of exports. It is calculated regarding percentage to GDP. Any percentage of more than 5 % of GDP will have a negative impact on the economy.

How to Get provisional ID and Password for Central Excise and Service Tax Taxpayers – Step by Step guide for GST Enrollment or Registration

By Paras Mehra January 10, 2017

From 10th January, 2017 the government has issued a notification on how to get the provisional ID and password for Central excise and service tax taxpayers.