Implementation of the Goods and Services Tax (GST) restructured the indirect tax system of India and brought significant changes in almost every economic sector of India. This comprehensive tax has been created by summing up all the consumption (indirect) taxes that were put separately on goods and services. The GST council decides GST rates, goods, and services under it and exemptions. These things might change as per the decision of the council. MSMEs (Micro, Small and Medium Enterprises) are some specified businesses whose annual turnovers do not exceed a certain amount. To learn the impact… Read
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