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GST OVERVIEW The present indirect tax regime is complex and entails multiple taxes and duties. Further, there is a significant cascading effect of taxes on account of various restrictions on cross utilization of credit of one tax against another. In addition to this, the multiplicity of returns and compliances at State level, administrative costs, waybills
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Accounting and billing software are essential tools for businesses of all sizes. They provide businesses with an efficient, accurate way to keep track of their finances and ensure that invoices are sent out on time. Accounting and billing software can also help businesses manage their cash flow, track customer payments, automate payments, and more. Accounting
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The 2023-24 Union Budget, presented on February 1, 2023 The total size of the 2023-24 Budget stood at Rs 45.03 lakh crore – a 7.5 percent jump over the revised estimate for 2022-23 – and to help meet the gap between its income and expenditure, the Centre will borrow a record Rs 15.43 lakh crore from the market through the
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The standard rate of Value Added Tax (VAT) before the introduction of Goods and Services Tax (GST) was 12.5%. This was applicable on all goods and services which were taxable. The rate of VAT could vary from state to state and from product to product. The taxpayer had to pay the applicable rate of VAT
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Miracle accounting software is suitable for...
Miracle accounting software is suitable for...
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