Impact of GST on State Revenue of India
GST was a significant change for the Indian economy and faced a fair amount of resistance. There have certainly been many benefits of GST, but just like two sides of the coin, there were also some negatives of the GST…
Impact of GST on Banking Sector in India
The banking sector is the backbone of any economy, and any impact on the banking sector affects the whole economy. Even the banking sector was scoped within the framework when the GST was implemented. The GST impacted banking and the…
Income Tax Planning in India: What Do You Need to Know
Income tax planning is an essential aspect of financial management. It is important to have a solid understanding of the various tax laws and regulations that impact you and businesses alike. Effective income tax planning can help minimise your tax…
Impact of GST on the Logistics Industry in India
The logistics sector in any country joins the manufacturers & producers with the trading activity. It is the core of any economy, and the sector is heavily involved in the development of the country. The logistics industry always tries to…
Impact of GST on Media and Entertainment in India
In India, the Mediate and Entertainment industry is huge. The penetration of media and entertainment has increased because of the factors like OTT, cheap subscriptions and affordable Internet. In addition, smartphones have made it possible for the general population, even…
Impact of GST on Computers in India
Everyone needs a computer to work on. It doesn’t matter if you are an employee, student, business owner or commoner. You need to have a computer to do your work. It is not optional in the era that we live…
Impact of GST on Business in India
GST was implemented on 1 July 2017 in India and marketed as a revolutionary taxation system that will make things easy for everyone. It combined various taxes into a single tax, making it easy to understand from the customer’s point…
Impact of GST on FMCG Distributors & Products in India
India’s FMCG industry is one of the largest in the world. The main reason for that is the population. Today, brands also have their reach in rural areas, and the credit goes to the strong distribution network along with the…
Impact of GST on Import and Export of India
Before 2014, the import bills of India were huge, and the government wanted to take action to reduce the import bills. This was when they came up with the Make in India policy. The government incentivized local manufacturing, and over…
Impact of GST on the Retail Sector in India
The tax structure in India was complicated, a challenge that many businesses in India faced. Under the NDA government, a new reform was brought to the tax structure. These reforms were in the form of introducing the Goods and Services…
