Every entrepreneur must have to spend a great deal of time choosing the suiting business structure. Be it a small, medium, or large enterprise, a lot of research is made to see which structure turns out to be the most profitable, the most hassle-free, and the most manageable.
The emergence of E-way bill (Electronic–Way Bill) under GST is sure to bring in some great relief to the suppliers and businessmen. Obviously, to tax officials as well.
Learn the difference between CGST, SGST and IGST, the way Central and State Government would levy GST. Based on the type of supply, inter-state or intra-state, IGST or CGST and SGST is applied respectively.