Over the last 30 months, since the launch of Startup India program, the barrage of schemes has claimed impact without a measuring stick to study its scale.
GST requires a synchronization between tax payer's application, an invoicing software, and the GST system, which without automation would be a rather difficult task
Unlike a private company, an LLP is not required to pay any dividend distribution tax and profits distributed and they are not liable to tax in the hand of the partners.
GST is the much-needed reformation in the taxation structure and perhaps the most significant financial reform after the economic liberalization of 1991 in the history of India's economy.