Gives an answer to the impact of GST on telecom sector
The entrepreneurial bug has bitten one and all in the last two years. The Governments StartupIndia mission has attracted many young entrepreneurs to turn job providers rather than job seekers. Most of the startups operating these days start with minimal funding and in order to cut cost, they use the trial and error method to do jobs other than their core area of expertise. But with GST round the corner it is best for the startups to seek professional help which will help them get the maximum out of the benefits GST provides to startups.
The blog takes us through the ways in which GST would impact the Banking sector.
Government analysing impact of GST on inflation
SGST/CGST and IGST paid on Inputs and Capital goods is available under GST regime unlike in the present law where the credit of VAT/CST paid on Inputs was costs to the service provider and that have increased the cost of few services.