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GST Compliance Note

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With the well streamlined and strict tax policy of the Central Government, the GST compliance would be very challenging task for all business houses. So, having a software which is truly GST compliant, is a must for every business house and more importantly for the high value Jewelry Industry. This is because, Jewelry Industry is already in the radar of Tax department. Both Point of Sale software and the ERP implementations from Sharaan Infosystems are futuristic and are fully compliant…

GST Council sets rates, four main tax slabs ranging from 5% to 28%

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The all-powerful GST Council on Thursday agreed to give a little more relief to the poor and a little more grief to the rich in the goods and services tax (GST) slated to take effect on April 1 next year. The council did not give in to the demands that the number of rates be reduced, since the ideal GST has just one rate. The number of rates remains four, though the lowest comes down from the earlier proposal of…