SIP- Why is everyone in the investment arena falling head over heels for it? What are its long-term benefits? Is it something you should try, too?
What is SIP and why is it so popular these days?
An SIP or Systematic Investment Plan is a smart financial planning tool that serves the purpose of a strong foundation securing your dreams. It aids in investing your hard earned money in mutual funds in a non-burdensome way.
Rolled out on the 1st of July 2017, Goods and Services Tax (GST) is considered as the largest-ever tax reform to hit the country in the past 70 years. Replacing the old, defunct tax regime, GST has paved the way to a transparent and more robust taxation system. Another enormous change is the elimination of the cascading effect of taxes and the elaborate compliance measures which were widely prevalent before.
GST will ultimately boost tax receipts, reduce tax evasion, contribute towards ease in doing business and eventually help the Indian Taxation system to move towards a more organized sector.
