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Food Safety and Standards Authority of India (FSSAI) announced that it will relook the food business in order to rearrange it in respect of total annual turnover to meet the Goods and Services Tax regulations.
The Goods and Service Tax (GST) implemented on July 1, 2017, by the government and the states governments would get the compensation for five months as announced, it was reiterated by the Panneerselvam while introducing the budget 2018-2019 in the assembly meeting.
In the questionnaire, it is revealed that the Gujarat government has received more income in terms of indirect taxes after GST implementation.
Starting from the GST council meeting on 10 March to first return filing process, the states have been asked to provide suggestions on GST filing procedure.
The GST E-way bill is developed by the National Informatics Centre (NIC) which has built the IT backbone of Goods and Services Tax as well and meant to be generated when the value of goods more than Rs. 50,000 is shipped intra-state or inter-state.
The Directorate General of Safeguards has started an investigation and notified as well in 53 cases, as mentioned by the parliament.
In spite of all government claims that after GST implementation the return filing number will increase, the total number of returns filed in these seven months proving the claim wrong.
Approximately 70,000 co-operative Housing Societies have noticed crossing an annual turnover of Rs. 20-lakh in Mumbai, Maharashtra have to register under new indirect tax regime, as per the report generated by The Times of India.
The Directorate General of Safeguards (DGS) recently asked Hindustan Unilever about clarifications regarding the methodology used by the company in reaching Rs 119 crore to the government after it was not able to pass the GST benefits to customers.