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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.
Electric vehicles have got much fame in recent years due to their economical maintenance and environmentally friendly behavior. Now the manufacturers of electric vehicles have demanded relaxation from GST on the basis of aforementioned facts. Also, the impact of the GST on the auto industry is expected to be fruitful according to leading automakers in India and the on-road price of vehicles will also go down under the GST regime.
Finance Minister Arun Jaitley has given a concern about complacency by India’s listing in Global Competitiveness Index (GCI). The implementation of GST will also improve the competitiveness of the SME sector as well. Jaitley also noted down that India has improved its position by taking 39th place out of 138 countries in the list.
GST structure will need a good number of expert officials and trained staff which can keep the taxation in flow, and in this same direction the state commercial tax department is building a team of experts which can further guide and make ready those officials who would be dealing with the core aspects of Goods and Service Tax regime expected to roll out on April 1, 2017.
The cabinet approved the project SAKSHAM, which is said to be the new indirect tax network (systems integration) of the CBEC.
Cabinet Committee on Economic Affairs (CCEA) has given a relaxing news to the CBEC by sanctioning a good Rs. 2,256 crore to help build them IT structure which will link CBECs system with GST network. The decision is taken to encounter the timeline of 1 April 2017, the roll out of GST.
The expert belief has suggested that Goods and Service Tax will bring some competitiveness into the MSMEs Arena. The Micro Small Medium Enterprise as of now scattered into organized and unorganized sector but both of them will come into an active position to meet the rumble. The said gesture was made by experts at manufacturing conclave which was held by Confederation of Indian Industries (CII) on Tuesday.
Central Board of Excise and Customs (CBEC) has given a new draft rule regarding the implication of popular taxation regime GST on Tuesday. The format on GST return and refunds required assessees to file monthly returns and specifying procedure for claiming refunds of taxes, interest, and fees.
The biggest tax reform i.e. Goods and Services Tax is now a part of Indian Economy. A new and unified tax structure is followed for indirect taxation on the place of various tax laws like Excise duty, Service Tax, VAT, CST etc.
The Central Board of Excise and Customs (CBEC) has released the GST draft rules and formats for refund and return. Previously, CBEC has asked for suggestions for the GST draft rules for registration, payment and invoices, which will be accepting comments and feedback until September 28.