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Impact of GST on Accounting & Financial Statements

Impact of GST on Accounting & Financial Statements

GST has been introduced on 1st July 2017, India has moved towards a single indirect tax regime for goods & services with uniform accounting system under GST for entire country. Some provisions which have directly affected on accounting such as Works Contract, Composite Supply and many more. What is Dual model of Tax? All transaction of supply would be subject to 2 Levies (State and Union government) and levied is… Read More »Impact of GST on Accounting & Financial Statements