Tag: Business Compliance
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GST Reforms: New Rules for Old Goods After September 22
Introduction to GST Reforms The Goods and Services Tax (GST) reforms in India are set to undergo significant changes as announced in a recent meeting of the GST Council chaired by Finance Minister Nirmala Sitharaman. Effective from September 22, these changes will impact how businesses and individuals engage in the buying and selling of old…
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Understanding GST 2.0: A Milestone Reform
Introduction to GST 2.0 The Goods and Services Tax (GST) has undergone significant changes since its implementation in 2017. With the introduction of GST 2.0 on September 3, 2023, taxpayers and businesses are urged to adapt to the new framework designed to enhance efficiency and compliance. This article explains the essential changes and their implications…