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Again a troublesome period for traders and entrepreneurs under the GST regime. The time for filing an annual return is gathering pace and till now entrepreneurs have not got an apparent picture of the Form-09. Even the tax advocates and the chartered accountants are facing difficulties in understanding the minutes of the Form. The Form […]
Measures for defending the MSME sector from suffering more due to high GST rate – The Consumer Price Index (CPI) is in the midst of the preparation process of a memorandum on the GST for the MSME sector, which is under crisis due to high tax rates. In the scenario when various industrialists and sectors […]
The highest tax rate slab of 28% has become a matter of agita for the whole nation. Now the items under this rate slab will be dug deeper in order to metastasize them out of this GST bracket to snip the cut back in demands. The F.Y. 2019 proved to be the floundering one with […]
Again the high court’s intervention has been requisitioned by the big section of Indian exporters. This is due to the abbreviation of the benefits of the EPCG (Export Promotion Capital Goods) scheme under the (goods and services tax) GST regime. Under the GST regime, the discontinuation of some of the perks under EPCG scheme led […]
Post-election Goods and Services Tax (GST) Council meeting is anticipated to take into account the different rate slabs for the textile. This is the first meeting after the elections which is going to held in the initial half of this month and rationale the divergent rates of textile products under the textile sector. “Removal of […]
In the congratulating letter to the P.M. on his big triumph in the last Lok Sabha Elections, Punjab Chief Minister Captain Amarinder Singh has presented 101 suggestions to Prime Minister Narendra Modi for simplifying the GST Tax mechanism and abbreviating the issues faced by businesses due to the implementation of GST 1.0. He also suggested […]
New tax policies are going to be formulated soon for internet titans like Google and Facebook. The new approach would allow revenue based on the purview of a company’s business in a specific market, irrespective of the location of the corporate headquarters. The finance ministers from G-20 countries along with central bank governors are likely […]
Many new changes are anticipated to be taken in by the Nation with the appointment of new finance minister by newly elected National Democratic Alliance (NDA) government.These mutations may include taxation on cash transactions, taxation on inherited property, change in the fiscal year from April-March to January-December and equalising the duration of the fiscal year […]
Witnessing the downturn phase of the economy, convulse in the manufacturing sector and youth’s famine for jobs; Revenue minister RV Deshpande on Sunday petitioned Prime Minister Narendra Modi for barbering goods and services tax (GST) rates as the high GST rates are cornerstones for the grievous slump in the manufacturing sector today. He appealed to […]