• Business

    What Is GST?

    In this post, we will discus on the reform of the Indian tax, GST (Goods and Services Tax), which was passed Aug. 3, 2016 and will revolutionize the Indian economy to make the most efficient in the world. This reform is an amendment of the Indian Constitution which was described by the Minister of Finance Arun Jaitley of “most important tax reform since independence” What is GST? and What is the benefit of the GST? India is a federation of 2 territories and 29 states, driven by regional parliaments. To date, there are about twenty different taxation systems that affect territories, goods and various services with multiple features exemption and…

  • Business

    Goods & Services Tax: How It Has Affected The Startups In India

    GST (Goods & Service Tax) has undoubtedly been one of the biggest economic reforms in the history of India. The tax provision made enough hype both pre and post implementation. While taxes are an involuntary fee that government levies on individuals and organization, GST is much more justified and transparent. It has affected the Indian economy in many ways, especially the startup community. Startups in India & GST: No doubt India is a hub of talents. The growth of start-up business in India has shown exponential potential in recent past and there are many names that boast of their success. There are hundreds of entrepreneurs looking ahead for tap the…

  • Business

    Missed The Deadline To File Income Tax Returns? Here Is What You Should Do

    As responsible citizens, it is our obligation to file the income tax returns on time. In case of a delayed return filing due to unavoidable circumstances, it is still achievable. Belated returns allow the provision to file income tax returns even after the due date. New Rules to File Income Tax ReturnsInitially, the IT department allowed an individual to file income tax returns for two consecutive years. However, post the demonetization phase, the duration has been reduced to a single financial year. Tax assessment has been made compulsory by the finance department. Linking of Aadhar and Pan Card Made Essential Indian citizens have the option to file income tax return online through…

  • Business

    A Complete Guide For Small Businesses For Sourcing Goods In China

    This article will give you a fair idea on how U.S. companies can source goods in China, and it throws light how those companies that cannot pay for to set up overseas offices or manufacturing operations can efficiently and resourcefully source suppliers in China. Internet Search The most convenient way to search for a reliable supplier in China is through the internet. There are a number of suppliers that can be found over the internet. A thorough research for suppliers listed over the internet can modernize your search and increase the number of rightful sources by filtering results for only those entries labeled as “gold member,” “verified supplier,” “onsite supplier,”…