Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
After the Commercial Tax Department, by interrogating the utility of the bureau, Minister of M.P. State, Mr Brijendra Singh Rathore has issued the ultimatum for the closure of the Anti-Evasion Bureau.
This Article deals with defining and categorizing the transactions between the employer and employee from GST point of view.
Last year, the Government of India had collected Rs 7.41 lakh crore from Goods and Services Tax (GST) but it is expected that the government would collect Rs 13 lakh crore from GST during this year.
Electronic Bill or the e-way bill will come into effect from April 1, 2018. E-way bill is an important step towards India’s dream of becoming a digitally driven Tax Economy.
Director General Sunil Misra of Indian Electrical and Electronics Manufacturers Association (IEEMA) told the reporters that, We are of the view the electricity should be brought under Goods and Services Tax (GST) because the credit will be available and electricity will be cheaper.
On Wednesday, Union Finance Minister Arun Jaitley said that the GST Council members will discuss to be included real estate sector under the newly implemented Goods and Services Tax (GST) Regime.
The Surat textiles industry is protesting for newly introduced Goods and Services Tax Regime and demanding for GST exemption on fabric and textiles.
Previously, Chairman of Central Silk Board K.M. Hanumantharayappa had requested to the government to cut down the taxation rates from 5 percent to 2 percent on silk yarn and fabric. Now the Central Silk Board has announced that the GST implementation will not increase the silk prices.
Retail has become the second largest sector after the agriculture and it has made a life time opportunity for the people working in the sector.
