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GST - A Single Taxation System in India

There are question in mind of every native of India, “ what is GST ?” “What is difference between GST and previous tax structure”  “Is GST is applicable to me?” “What are the consequences of GST on their expenditures and savings” and many more. Roughly idea they are drawing in their mind is that it is single taxation system in whole country, but it is many more to it. As it is set to applicable in whole country from 1 st of July 2017, we need to understand this new concept of tax system. What is GST? Goods and Service Tax, a taxation system imposed on the services and products offering in India. It is multi-slab and comprehensive. Old tax structure includes Service tax, Sales tax, Vat, and 14 other taxes. Including all these taxes, there is around roughly 28% to 30% total tax on products. There is value addition in every stage, i.e. from manufacturer to consumer. But in GST there is single tax imposed on products and it will be levied on every value addition, because it is de

Top 10 Cashless Payment Methods to Deal with Cashless India Challenges

There is great buzz regarding cashless India. Since currency demonetization has created a situation where finding new currency has become a difficult task, Government of India is encouraging people to go cashless. This might be a reason why people are searching for cashless payment options  in India. They want to know how they can pay bills or make payment using different types of mobile payment methods. People are curios to learn how to transfer fund using their simple mobile handset. They want to know about UPI app for android devices. Do you also want to know about how to go cashless? If yes, then you should check out stated below top 10 cashless payment methods to deal with cashless India challenges. So, have a detailed look at popular cashless payment options in India for people. What Is Digital Payment Method? Before you get involved into the actual process of learning how to make payment without using currency, you should first know about digital payment method. Actually