State Governments Ready to Hunt Tax-Evaders
The state government is all ready to look up for the complaints against the businesses who are not issuing bills or issuing bogus and improper bills or staying away from paying the GST.
Browsing author
The state government is all ready to look up for the complaints against the businesses who are not issuing bills or issuing bogus and improper bills or staying away from paying the GST.
To load off the GSTN glitches in return filing and pending issues, the Confederation Of Indian Industry (CII) urged the government for some revisions in return filing due dates and regulations.
As the clock is ticking, the government’s concern is increasing that among 85 lakh registered taxpayers only 6.5 lakh have filed the GSTR-3B return for August month.
The government had collected INR 95,000 crore under GST regime for July month and as the Union Minister mentioned in the statement the compliance is 64% of the total 8 million taxpayers.
The government is ready to convey the surveys and searches for the businesses who haven’t paid the taxes yet and will try to bring more of companies under the umbrella of GST net.
The GST Council on 21st meeting in Hyderabad, head by Finance Minister Arun Jaitley with state counterparts, stated clearly to start registration for liable persons for tax deduction at source(TDS) and tax collection at source(TCS) from 18th of September.
GST has changed the ways the system used to go as after the implementation of GST, some bad and good changes can be seen in the Indian economy.
Merchants are completely busy in GST return filing and are facing so many problems, trying to approach CA, agents, tax consultants, and experts to resolve their issues at the earliest.
The finance minister, Arun Jaitley, showed the concern for common people in understanding the different slabs in the new indirect tax in India summit organised by The Economist in New Delhi.