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The Finance Budget 2018 gave little relief to the high expectations of the secondary metal producers. On Monday a representative group met senior officials in the Ministry of Finance to address grievances.
The Income Tax laws in India are very complex. In the last couple of years, passive incomes from freelancing jobs have gained momentum.
The Finance Minister Mr Arun Jaitley, unlike previous years, has not been able to generate the usual pre-budget sales buzz. The main reason for this can be solely attributed to the new GST tax regime introduced on the 1st of July last year.
The Indian FMCG market is finally on the road to recovery after the double jolts of GST and Demonetisation. Emami, a major FMCG firm, in a statement, said that the demands from the rural markets are slowly gaining momentum.
The exponential growth of e-commerce in the last few years coupled with the Gst tax regime has escalated the demands for commercial vehicles.
The 17000 registered GST traders of Chandigarh city have performed brilliantly in the overall percentage of GSTR-3B return filing.
Traders and business owners in Punjab have found some big loopholes in the GST structure. As per reports, invoices amounting to crores are being sold for a meagre sum of some thousand rupees.
In a recent controversy towards the faults and glitches of the GSTN portal, the Gujarat Sales Tax Bar Association (GSTBA) has warned the government authorities for an indefinite strike against the GSTN portal which is not working properly from a long time.
GST is not turning out to be the good and simple tax for business firms. The technological issues related to GSTN continue to create headaches for business firms all over the country.