Category: GST Sectorial Impact

Impact of Recent GST Updates on Small Businesses

After the 22nd GST Council meeting on 6th October ’17 and 23rd GST Council meeting on 10th November, ‘17, the Government announced major changes in the GST Law and Rules. In this blog, let us understand the impact of these GST updates on small businesses….

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

7,360 total views, 20 views today

GST Impact on Gold Jewellery

Introduction India’s centuries-old gold industry is the world’s biggest market for the metal, with imports meeting almost all the country’s requirements for jewellery and investment. Imports are high not only because of a huge demand, but also because of the large population of about 1.2…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

6,482 total views, 21 views today

Cigarettes & Tobacco Products under GST

Introduction Ever since the beginning of taxation, governments have tried to levy ever increasing taxes on cigarettes and tobacco products, out of the need to curb their usage. Considering the previous regimes, excise duties on cigarettes was increased by 22% in 2012-13, 18% in 2013-14…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

1,300 total views, 30 views today

Impact of GST on Restaurants

Restaurant industry The Indian Restaurant industry today, is worth a staggering INR 247,680 crores and is developing at a yearly rate of 11% – estimated to hit INR 408,040 crores by 2018. As per the National Restaurant Association of India’s 2013 India Food Service Report,…

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Get ready for GST with Tally.ERP 9 Release 6

1,270 total views, 19 views today

GST Impact on Real Estate – The Sector Overall

Introduction Hope the last two blogs have been able to give you a detailed insight about the GST impact on real estate developers and buyers. In this blog, we will visit some aspects of the real estate sector, which will complete our overall understanding of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

3,656 total views, 27 views today

GST Impact on Real Estate Buyers

Introduction In our previous blog, we read about the impact of GST on real estate developers. Given that the subsuming of multiple indirect taxes, and seamless availability of ITC is bound to reduce costs for the developers, it does translate into a positive impact of…

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Get ready for GST with Tally.ERP 9 Release 6

6,795 total views, 36 views today

GST Impact on Real Estate – Developers and Builders

Introduction The real estate sector is one of the most pivotal sectors of the Indian economy, ranked second only to agriculture. It has an average contribution of 5% – 6% to the Indian GDP, stimulating demand for more than 250 ancillary industries, and playing a…

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Get ready for GST with Tally.ERP 9 Release 6

5,265 total views, 21 views today

GST Rates for White Goods

As the nation prepared to embrace GST last month, it had almost seemed as if Diwali had arrived early. With attractive discounts being shelled out by home appliance stores across the country, household consumers did make the most of the opportunity. However, the happiness was…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

17,946 total views, 15 views today

GST Rates for Automobiles – The Good, the Bad and the Ugly

Ever since GST rates have been announced, potential buyers of passenger vehicles have been wondering – whether they stand to gain or lose, if they buy one in the GST era. In this blog, we will demystify, how the automobile sector fares, on the basis…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

49,815 total views, 1,090 views today

Impact of GST on Traders

On October 14th, 2016 the Confederation of All India Traders (CAIT) signed an MOU with Tally Solutions in order to train their member businesses – roughly 6 lakh traders all over the country, on the subject of GST. While the focus is largely to enable…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

162,066 total views, 3,003 views today