Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services. The Goods and Services Act was passed by the Government of India under their “One Nation, One Tax” reform on 29th March 2017. This reform intended to bring various indirect taxes such as excise duty, VAT, octroi, service
It’s a basic human tendency to ignore things that have the capability of affecting us negatively. There was a myriad of forebodings and warning signs that incessantly signalled towards the perpetual domination of the online markets and businesses. A lot was said and done to stop the internet and everything that came with it.
There’s a lot of confusion and misconception when it comes to business identities. More often than not, people who are business owners identify themselves as self-employed, and those who are self-employed go around telling people that they own a business. And when one is a small business owner, the confusion always seems to escalate.
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