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The portal provides eminent updates about the ongoing details and news on GST filing, taxes, news on evasion, etc. Such news will keep you updated about the information of everything going on in the Goods and services tax arena.
Also, our SAG infotech blog gives updates about the trending GST news where one can find the relevant information on the latest tax slabs updated. Also, find complete information based on the discussion and important things in the meeting held by the finance minister of India known as the GST council meeting. The GST articles held about the GST REG forms, faceless schemes, updated policies are also included on the portal.
The news about various cases applied by the petitioner along with the judgment held is also available in our portal. The trending details about the financial governing bodies and their decisions and ruling will be updated, thus you will need to continuously visit our portal for more information so as to get the updated details.
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.
Enrollment has been started from 8th November for all the states and the last date for GST registration will be running until 31st March 2017.
According to Japanese financial services major Nomura, Goods and Services Tax (GST) benefits are likely to increase over time and in the long run the indirect tax regime with strengthen tax revenues, boost economic growth. The benefits are expected to be substantial, predicts Nomura.
In consideration with subsuming the indirect taxes across the country, the government will introduce the GST compensation bill in the upcoming winter session of Parliament beginning next week. The bill will be presented in the light of compensating the states for any revenue losses encountered by stated under the GST regime as promised by the government.
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.
GST multi-tier structure has been questioned by senior Congress leader Chidambaram, as he mentioned, The proposed GST structure with higher rates has left a lot to be desired” and there is a room for improvement in the multi-tier tax framework.
In the middle of GST application, Tamil Nadu Packaged Drinking Water Manufacturers Association has applied a plea in favor of exempting themselves from the GST effects as the reason offered was that the water supply basically completes needs of the domestic region.