21
May
In the dynamic landscape of Indian taxation, the Goods and Services Tax (GST) has emerged as a crucial reform aimed at simplifying and streamlining the indirect tax structure. For small businesses, navigating GST compliance can be a difficult task, yet it is essential for legal and financial health. This blog will explore the basics of GST, the common challenges faced by small businesses, and practical tips for ensuring compliance, alongside recent updates in GST regulations. Understanding GST: A Brief Overview GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. Introduced on July 1, 2017, GST…