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The Cess may get increased on the cars by the GST Council to organize the resources for giving the subsidy to the EVs. This scheme is made to promote green energy sources and minimize the use of crude oil.
The tax officers will go and search for the businesses or companies who have been registered under the GST (Goods and Services Tax) but later disappeared and did not file the returns or paid any taxes.
Petrol and diesel will not be included under GST (Goods and Services Tax) until and unless the income under the GST reign strengthens said the former chief economic adviser Arvind Subramanian.
Chairman of Pension Fund Regulatory and Development Authority (PFRDA) Hemant Contractor said that many small businesses which are registered under GST (Goods and Services Tax) have attracted the working people which do not have any retirement savings plans to pensions.
An SBI research reported that the progressive credit given to the MSEs (Micro and small enterprises) has been increased to Rs 1.23 crore i.e. five times after the GST.
According to the polls, it has been ascertained that the center may postpone the new format of GST return filing developed for simplified monthly returns for the Goods and Services Tax (GST).
As per the people who are aware of the matter, approx. all the major banks are ready to charge 18 percent GST on the free services.
Finance Minister Arun Jaitley has made up his mind to create a federal institution like GST Council for the farm sector and healthcare.
In a tackling situation for the members of the Jalandhar-based rubber goods industry, they are thinking of approaching the GST (Goods and Services Tax) council as they are not getting a GST refund.