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GST: Get set for tomorrow

NEW DELHI: India is bracing with tense anticipation for the inauguration of the goods and services tax (GST), which is expected to rewrite the rules of business, while reducing the burden on the common man. GST is billed to integrate India into a common market, bigger than the European Union. Proponents ...

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Composition scheme comes to the rescue of small traders in Telangana

Small traders and manufacturers in the furniture industry in Telangana may make use of the Composition Scheme to avoid 28 percent taxation under Goods and Service Tax(GST). In the Composition Scheme under GST, a taxpayer will only be required to file summarised returns on a quarterly basis, instead of three ...

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