Varun Nirmal

CA Varun Nirmal

  • Final GST rates for Goods and Services

    by on June 30, 2017

    The GST council approved the GST rates for goods on May 18, 2017. The rates are classified as nil, 5%,12%, 18% and 28% for 1,206 items provided in this list. Rates of few important goods are as under:

    GST Rate
    List of Goods

    5%
    Yogurt, Fresh frui…

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  • GST HSN SAC tax codes

    Understanding HSN and SAC Codes in GST

    by on May 16, 2017

    In GST regime each invoice will have to mention HSN code for each item sold or SAC code of each services provided. As we reach closer to GST roll out date (likely to be 1st July, 2017), it becomes imperative for us to understand how new concept of HSN and SAC …

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  • How to register for GST

    How to Register Your Business for GST

    by on April 28, 2017

    GST Registration
    As parliament passed the GST bills in April 2017, GST rollout date (July 1, 2017) is looking more realistic. It is becoming more important now to understand who needs to register for GST,  how to register your business for GST, and what do y…

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  • GST Return Filing QuickBooks Small Business Center

    When Should You File GST Returns for Your Business

    by on April 26, 2017

    GST Returns Filing
    As GST will roll out on July 1, 2017, every business will have to file monthly GST returns as part of its GST compliance. Even if there is no activity carried out in business, the business has to still file the returns.

    Let us check out…

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  • Rethinking Business: Impact of the GST on Working Capital

    Rethinking Business: Impact of the GST on Working Capital

    by on March 23, 2017

    GST Impact on Working Capital
    The Goods and Services Tax (GST) will be one of the decisive factors for our economy in the coming years. It aims to put an end to the woes of an indirect taxation system, but many of the clauses of the model law point towards ri…

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  • Determining the GST Tax Structure

    Determining the GST Tax Structure

    by on March 22, 2017

    GST Tax Structure
    The GST tax structure will bring about a drastic change in current indirect tax system. Currently, tax barriers have created a fragmented Indian market. This has resulted in a cascading effect of taxes on cost which have made indigenous manu…

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  • Budget 2017

    Decoding Budget 2017: What it Means for Startups

    by on February 6, 2017

    Budget 2017 is well balanced and had an overall systems change with how businesses transact. This was in accordance to government’s vision and policies. Budget 2017 had a lot to cheer for despite the changes in policies after demonetisation. It was ushered i…

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  • Budget 2017 and the Growth of the Digital Economy

    Budget 2017 and the Growth of the Digital Economy

    by on February 3, 2017

    Digital India is the buzzword driving the country’s digital economy. The digital sector experienced a booming growth over the last couple of years due to:

    The increase in adoption of smartphones and mobile internet
    The spurt of technology start-ups…

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