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A charge of nearly INR 500 crores as a service tax will be paid annually in the consideration of Goods and Service Network by the central government. The previous thought was to obtain this amount from the taxpayers only, but as a good faith, the government decided to pay the service tax itself. GST Network […]
Cellular Operators Association of India (COAI) has been standing in the queue of the exemption plea with the government as the mentioned union is asking to exempt all the coupon seller from the GST web while the industry is demanding a 12 percent tax rate. The association has various telecom giants under its presentation like […]
Indian legislation has been very tough from past few months as the aspiration for the implementation of the GST regime is getting sacked up very rapidly. And in the same direction, the Finance Minister Arun Jaitley has asked to implement the said GST tax structure by September next year.
The government has finally taken three bills namely The Central Goods and Service Tax Bill, the Integrated GST and GST (Compensation for Loss of Revenue) to the parliament for the consideration and passage in winter sessions upcoming from next week.
The mutual funds are a great source of funding towards a particular commodity and with the effect of GST, it has soared a price upon itself a bit more.
Now, the GST will be accessed through online web of the structure as its GST portal is now live and enabling easy filing of returns and tax payments through credit/debit cards and other modes. And in other news, the GSTN software has been completed nearly 60 percent having a vast inbuilt data structure.
Confederation of All India Traders has initiated an awareness campaign across the nation which will start from November 9 with a motive to acknowledge trading community about the know-how of GST implications.
GST ahead upon its arrival demanding various industries to be vigilant in their case as in latest scenario, All India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V stated that, We are now gearing up for GST and have proposed that the GST rate for the gems and jewellery sector should be 1.25 per cent if the government expects the industry to be compliant and organised.
The automotive industry association SMEV have appealed the government to exempt electric vehicles from the Goods and Services Tax (GST) as these vehicles play a vital role in reducing air pollution. Notedly, SMEV is an association that represents Indian manufacturers of electric vehicles and electric vehicle accessories.