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GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

Greetings everyone! Let's learn about our tax system! The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh. It's because everyone pays the same tax regardless of their income. For example

What's a scam that's so normalized that we don't even realize it's a scam anymore? Me- Taxes. Once you tax the income, why is there a tax again in the name of GST? Whatever the shop / company earns they can give it as income tax. This approach n

This is bad 🔥 This might be the end of BYJUs A total of 1,887 creditors have filed claims amounting to $1.5 billion against Byju's, with most claims still under review. Notably, Indian tax authorities are seeking $101 million in dues from the tro

Is there anyone who can provide funding for my film? I have completed a film making course and I am eager to direct my own film. As a newcomer, I am struggling to find producers. I am looking for individuals who are willing to take on the role of pro

When I posted the poll yesterday for GST, I thought 20-30 people at max would vote and will see accordingly. But 100 people have voted so far. By this I have felt that people know GST through headlines i.e tax collection, GST notices to different co

The Department for Promotion of Industry and Internal Trade (DPIIT) has requested the government to remove the angel tax on startups ahead of the upcoming Budget. "We had recommended this in the past as well," DPIIT Secretary Rajesh Kumar Singh sai

When the income tax return filing date is near, the income tax department goes into full marketing mode to remind taxpayers to file on time. Guess what? Even they have targets and quotas like our marketing and sales teams! 🎯 Imagine the tax offic

Essential Tax Tips Every Indian Startup Shld Know- Navigating taxes can be tricky for startups, but mastering them is crucial for growth. Here’s what every Indian entrepreneur shld keep in mind: •Startup India Exemptions: If your startup is recognize

During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India. A video of Sitharaman facing criticism from a stock market broker has gone viral.