Goods and Services Tax (GST) has been one of the major reforms in India. This tax has levied many indirect taxes on various Micro, Small and Medium Enterprises (MSMEs) by State and Centre Government, including VAT, service tax and excise. However, there are both pros and cons of implying GST on MSMEs: Pros: The major advantage of GST benefits according to 2019 Interim Budget is … Continue reading What are the Pros and Cons of GST for MSMEs in Indian Budget 2019?
The Goods and Service Tax (GST) came into effect on June 30, 2017 amidst numerous controversies. While on one hand, economists said that GST would bring nothing else than inflation, others claimed that it will make the economy healthier than ever. Now, irrespective of the claims and actual consequences, the business sector has been widely affected in both negative and positive ways. Let’s take the … Continue reading Pros and Cons of GST for Startups