Subodh Kumawat

Goods and Service Tax rate have been in very much disguise as there is no exact point on which both state and central government can conclude up. The committee formed by the powered officials which comprised state and central government genre will be looking into the matter.

Goods and Service Tax proceedings have been completed up to 60 percent in its structure, which is habited to implement on next April, but there is some major concern regarding GSTN among the government officials including IRS officers who have given a different sign towards the step which GST council might take.

The GST council will be playing a very significant role in the implementation of the new taxation regime across the country. While carrying important aspects, the council will be responsible for all the major decisions and roll out regarding the taxation structure.

Maharashtra Finance Minister Sudhir Mungantiwar showed his concern about the implementation of the GST in the state and assured that the government would take care of no revenue-loss after the application of GST.

The officials said that transitional amendment in the Constitution (122nd Amendment) (GST) Act, 2014, to roll out the goods and services tax (GST) would provide cover to the government until the time this reform is implemented.

Airlines Industry has been considered a fast growing sector within its parameters and has been a very promising area of adding value to the countries growth and the standard of its people. But the overall burden of the country seeks remuneration from all of its contributors and Airlines also in the queue.

Goods and Service Tax popularly depicted as GST has so much to accomplish even in its starting stages, as the taxation regime has given various hints to the government and the nation that being a financial structure, it also demands to be taken into consideration from official papers to the lowest levels of road structure.

Goods and services tax has now started showing off some of its benefits in the sectors where it encountered hurdles before. In the same direction, GST would be giving a relaxation over the process of PAN India auction which has been recently introduced by Tea Board in June this year.