Poonam Hotwani (Ex-Employee)

Congress President Sonia Gandhi interacts with former Prime Minister Manmohan Singh today for the discussion whether that Congress party will attend the event of midnight 30th June or not. And on this issue, Party’s senior spokesperson Satyavrat Chaturvedi said, “the Congress will not attend the special GST meeting on its implementation.”

Revenue Secretary Hasmukh Adhia said that the main aim of implementing GST Regime is to move the nation into a single or dual rate of goods and services regime rather than several complicated taxes.

For opposing new GST Regime, a Public Interest Litigation (PIL) has been filed in the Bombay High Court. Dr K. S Pilai, a 63-year-old retired professor from the King Edward Memorial Hospital from Parel has filed a petition and alleged that the government is hurrying in implementing new indirect taxation structure in India. The hearing of the case will be held on 29th June.

The United States President Donald Trump appreciates the Modi government for taking the bold step of launching Goods and Service Tax (GST) Regime in India from 1st July. And stated that it will also create “great new opportunities” for the country.

Only a few days are left for the actual implementation of Goods and Service Tax Regime (GST) and will be launching on midnight of 30th June across the country. Some analysts are indicating for caution.

In a free- wheeling round table meeting Top 21 World’s CEO along with US President Donald Trump on Monday, Modi said, India’s growth presents a win-win partnership for both India and the US.

The new compliance and rules of Goods and Service Tax (GST) regime will be restricting small vendors and restaurants from the selling online due to issues of TCS.

In the views of Ajit Ranade, the Chief Economist of Aditya Birla Group, GST must ideally have only two slab rates instead of multiple tax rates.