NOT KNOWN FACTS ABOUT GST

GST has created the tax program much more seen and accountable. The taxpayers can certainly monitor the tax compensated at Every single stage of the provision chain and claim the input tax credit score. it's got also lowered the scope for tax evasion. GST has also ensured tax equity. Capital gains tax: This is often applied on the earnings gained

The federal government tries to support by furnishing facts and guidance, nevertheless it’s up to every taxpayer to verify they have an understanding of and Adhere to the guidelines. Non-compliance with GST regulations can result in penalties and fines. the opportunity of GST registration cancellation can be there. E-invoicing indicates sending