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Category: Taxation

Explore Registrationkraft’s Taxation blog posts to learn about Income Tax, HUF, ITR filing and more.

What is the Difference Between GST and VAT?

In 2017, the Government of India decided to replace Value Added Tax (VAT) with Goods and Service Tax (GST). This major move aimed to reduce the limitations of VAT and achieve some specific economic goals. The main reason behind the introduction of GST was to eliminate the cascading effect of taxes, simplify tax regime, increase […]

Understand The Benefits of Filing Income Tax Return (ITR) in India

Filing your Income Tax Return (ITR) is like having a conversation with the government about your earnings for the year. It’s your way of saying, “Here’s what I earned and contributed.” The financial year starts on April 1st and ends on March 31st the following year. For instance, the financial year 2023-24 began on April […]

Goods and Services Tax: Top 10 Key Facts about India’s GST

GST is a Goods and Service Tax, which puts the country’s indirect tax structure in one place. It was introduced to simplify the taxation system in India, the concept of GST is ‘One nation one tax’ in which all indirect taxes are put under an umbrella of GST. This step is taken to make Indian […]