Rekha Rawat (Ex-Employee)

It is the time when taking loan can be based on GST data instead of taking a loan in exchange for gold.

The government has released the directives suggesting that after GST implementation, the business which is away from Investment promotion assistance will get relief in all kind of matters from next budget session. Further, the business has got an extension until next year to compensate the problems faced by businesses.

The GST Council is thinking to revise the return filing procedure and simplify the rules further to make easy compliance and enhance government revenues.

Consumers are in distress as e-commerce sites and retail stores are selling the discounted products with the addition of GST above the discount price, as revealed in a poll by Local Circles with the engagement of 8,845 people.

As the central government spends approximately Rs. 3 trillion every year for centrally sponsored schemes. But the outcome is very poor concerning the reasons like poor implementation capacity, lack of political will, and a larger structural issue.

The excitement of the state tax department to touch tax defaulters in the beginning phase has just sunk as a franchise owner wrongly received a notice mentioning to furnish his tax returns for the 2nd half of 2018.

During GST regime, in only fortnight duration, around 18.4 lakh e-way bills are generated during goods transportation.

The Commerce Ministry of India has asked the government to put one Goods and Services Tax (GST) rate on multimodal transportation medium of vehicles in order to lower compliance burden on automobile producers and enhance logistic services, an official mentioned.

GST has not only increased the indirect tax base but also revealed the hidden face of Indian economy. GST has opened many folds after analyzing the facts and put shocking data in front of India.