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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
Blue Star, an air conditioning manufacturing giant has revealed that the organization has held a heavy investment of around INR 220 crores in Jammu and Kashmir as the company is in doubt over the continuation of excise duty relaxation after the roll out of goods and service tax.
The GST will bring with itself a revenue loss of about Rs. 60 Thousand crores to the center for discarding all the other 16 types of cess and sur-charges from the list.
The Union Finance Minister Arun Jaitley has given an unusual hint towards the legislation process and directed the budget session currently active to pass the goods and service related drafts and legislatures in reference to garner the benefits and revenue of indirect taxes as it will discard the rights of centre and states to collect the taxes after the deadline of September 15.
India on a strict basis made a strict denial to the California-based technological firm Apple Inc in reference with their demands of various exemptions exceeding the government’s norms and rules. The Apple was sorting out to install a manufacturing hub in the south Asian country and for this, the organization was questioning the Indian government to grant some exemptions on imported parts that are used in the assembling process.
As the nation is very well aware of Union cabinet approving four GST legislation bills and being in the queue for to be presented in the parliament. In the current session of the budget, the finance minister Arun Jaitley expressed his views on the GST effect and positively said that the upcoming Goods and service tax will definitely collaborate the market as a global single market and will also reduce the prices of commodities making tax evasions difficult in the sidelines.
Goods and Service Tax is well ahead of many other significant issues currently running through the ministry and Parliament business and one thing industry expert are sure about is that GST will bring along some benefits including tax collection growth on the sidelines of implementation.
The GST (Goods and Service Tax) Council is planning to implement its new indirect tax reform in the country by July 1, 2017. Meanwhile, the leading beverages maker Coca-Cola wants the implementation date to be postponed by two months and make it to September 1, 2017.
The Union cabinet finally approved the long-awaited GST draft bills in a meeting held in favor of India’s upcoming taxation regime, and now the remaining task is to get it approved in the Parliament as soon as possible. A total of four draft legislations are supposed to be introduced as money bills in the parliament i.e. the Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST) after the approval of Union cabinet and earlier got approved in the meeting of GST council.
The prime minister of India, Mr. Narendra Modi has given impressions to the general public to held discussions and try to understand the upcoming goods and service tax in a way to implement the tax regime in easy and smooth manner.