GST Consultant in Ahmedabad
Taxation – Goods and Services Tax ( GST ) Indirect tax is a type of tax where the tax is borne by the end consumer. Therefore, if a business entity fails to anticipate the applicability of an indirect tax and does not recover the same from the consumer it becomes a cost to the entity and is a direct hit to the cost analysis. Consequently, indirect taxes have a direct bearing on the costs, pricing policy, cash flow, and profitability and ultimately the competitiveness of an organization. Hence it becomes critical to evaluate the impact of various indirect taxes on any given transaction. Generally, indirect taxes unfold into Central Excise, Service Tax, VAT and CST along with GST (Goods and Services Tax). With the historic introduction of GST w.e.f 1st Day of July 2017, the role of other indirect taxes like Central Excise, VAT etc. has been reduced to only specified products. Goods and Services Tax (GST) is applicable on ‘supply’ of goods and services or both, in India in...