The concept of GST
Recognized as a bold initiative by the Government of India, GST ( Goods and Service Tax ) has replaced all the indirect taxes (sales and service tax, excise duty, VAT) and is now a single indirect tax levied on goods and services apart from those exempted by the GST law. This single tax is applicable on the supply of goods and services originating from the manufacturer to the consumer. GST is an uniform tax across the entire nation and brings about parity in the tax structure through each state across the country.
The impact of GST on our business
Through an uniform process of taxation, GST makes the process of paying tax easier and also facilitates ease of business transactions for enterprises in the same state or in multiple locations in different states.
Get GST savvy with HIAccounts in India
While plenty of information about GST is available in different formats on the Web, HI Accounts, the future-ready GST Accounting Software is GST compliant and goes beyond being a tool for filing GST returns and integrates seamlessly with your accounting process. It tracks all your business transactions and helps in auditing, analyzing and reporting, giving you the vision to plan your business and help it grow efficiently and organically.