What is GST Evasion | GST Evasion Penalties – Taxkundali
What is GST Evasion – Goods and Services Tax (GST) was implemented in the Indian economy from 1st July 2017 to displace the various indirect taxes and surcharges which were levied before 1st July 2017 with one customized tax structure and also to reduce the cascading effects of taxation through the input tax credit mechanism and levy the tax only on the value-added. Main purposes of GST’s implementation, one more general aim of combating evasion in tax structure was also included. Tax evasion has become a serious problem for the government of just about every country which is hard to regulate.
Union Budget 2021: How will it Affect on Small Businesses
Indian minister of finance Nirmala Sitharaman unveiled the Union Budget 2021 on 1 February this year. Union Budget 2021: How will it Affect on Small Businesses, The budget possesses a strong specializes in digital transformation and economic growth after the market recession caused by COVID-19. resembling the increasing focus of the state on Indian Startups and SMEs on this year’s budget we will safely call the budget 2021 for small businesses. Nirmala Sitharaman, the union minister of finance, allocated Rs. 15,700 crores to the Micro, Small, and Medium Enterprises (MSME) sector – almost double the past year’s fund allocations of Rs. 7,572 crores.
Tips for managing the business during Covid-19 | Taxkundali
We live in a world where no one knows what will happen next, we live with uncertainty, Uncertain danger. After 2019, the world neither knew nor was ready to see how much the corona epidemic will affect everyone’s life. From 2020 to 2021, this epidemic has not left us and it is breaking our back. During this period, the business conditions deteriorated, some were ruined and some went into too much loss. People need Tips for managing the business during Covid-19. People do not understand how to handle business ahead, what should we do and should not do during this pandemic.