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GST Software Provider: The Taxation Glitches need to be Ironed Out

Goods and Services Tax - GST - By: - Priya Sharma - Dated:- 20-3-2018 - The difficulties in the new taxation regime have resulted in the reduction of the taxation revenue. The government marked the month of September after which the revenue started h .....

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d. However, the records show that the GST collections averaged around INR 90,000 till the month of September 2017. Not only had the taxpayers of the nation, but the IT industry also suffered due to the varying tax rates and processes of the Goods and .....

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sts the government to implement the changes quickly and terminate the process. The IT sector is responsible for the advent of software in the taxation world. It provides a great ease in doing taxation to the taxpayers. Noteworthy advancements by GST .....

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Indian IT sector has witnessed a slight decline in the profit margins. Analysis declared evolving GST the reason behind the reduced revenue. Here s how software made the taxation regime simpler: Time and cost-effectiveness- With the help of GST softw .....

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resulted in the focus cutback in the core competencies. Automated processes- Every GST software comes integrated with a high-end technology. Such advanced technology requires the least input from the taxpayer s end. The user is not required to fill t .....

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The taxation involves the sharing of the personal documents of high-importance. No business would take the risk of their documents being manhandled. But after the software providers took complete responsibility for the breach of any sort, the taxpay .....

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software provider and the government. The enforcement along with an inspection Highlighting the positive aspects of the Goods and Services Tax Act, the government officials chew upon the factors that are hindering the regime s growth. The government .....

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