Browsing author
The government has been trying to implement two significant economic schemes before the end of 2017 fiscal year namely Bankruptcy law and even more crucial economic reform of Goods and Services Tax. The association has remarked several points regarding this and also assured that there is another law called bankruptcy code under construction.
Oncoming GST has given a fruitful news to the Nagpur land owners, as the city has got all the attention it needed due its feasibility and approach-ability from almost all the cities of the Nation. Once the GST applies itself into the scenario, the local and indirect taxes which were levied at every stage of geographical shifting of goods will be slashed.
The Tax Department has announced an SMS facility to be provided for the 2.5 crores of taxpayers regarding quarterly Tax Deducted at Source (TDS) deductions. The facility will be offered by the Central Board of Direct Taxes (CBDT).
Confirmations have started coming out of the box for the newly incorporated taxation regime i.e. GST as the top financial ministry officials are talking with confident tones about the implementation of Goods and Services Tax.
GST has arrived with various comments which are not supporting its implementation as the former finance minister P Chidambaram clearly stated a negative opinion about the upcoming taxation regime.
Micro and Small Manufacturing & Service Enterprises has been given a financial help from the financial institutions in the schedule of an awareness program being held at GST & NSIC Finance (Loan) Facilitation Center.
The Goods and Services Tax has a reason to give numerous opportunities to the financial caretakers of companies and organization who rely on Chartered Accountants for all their statistical and accounting data maintenance.
IATA (International Air Transport Association) has asked for some modifications in the Airline tickets rate under GST. According to IATA, the Aviation sector was already under high tax burden and GST should help the sector abide by global standards.
Goods and service tax has been proving fruitful in many cases as the executive chairman of the Templeton Emerging Markets Group, Mark Mobius has suggested. He has shown the sign that there will be a mark of 20 percent in the earning of companies.