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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.
Indian banks have approached the government to amend the draft Goods and Services Tax (GST) law so that the transactions between two branches of a bank could engage tax. In the present structure, transactions between two branches of the same bank will involve a tax, which could become a mess on a later stage after the GST rollout.
As the Government is preparing to present the Union Budget for 2017-18 on Feb 1, some of the major IT manufacturers and tech companies are bracing the upcoming GST regime and also demand that the excise duty should be restructured in a more feasible manner.
Finance minister Arun Jaitley may likely look into the service tax rate hike to 16-18% from the current 15% in the upcoming budget session, scheduled on February 1, as an effective measure for the GST roll-out.
A senior official said that the Goods and services tax will benefit the warehousing sector with ongoing taxation issues in logistics and transportation expected to be sorted out.
The GST is ready to mark its footprint in India and there are several reason and questions regarding the implementation of the indirect tax regime. The CBEC officials recently raised concerns about the job losses due to the change of the nature of the job.
Today tax officers will observe the Monday as a ‘black day’ and protest against the decision taken by GST council. The protest will show their dissatisfaction with the decision.
The GST is going long, on all the parameter to showcase its importance and here on 26 January parade also saw its light glimpse, as a magnificent and knowledge offering tableau was given space on the Rajpath to give an insight upon the upcoming taxation regime which has believed to be potent of transforming India into a better nation.
Central Board of Excise and Customs (CBEC) has alone emerged out of nowhere to oppose government’s decision to bring states in the place of the centre to assess the taxpayers in the ratio of 90 percent which in the terms of central employees will drop down the revenue generation garnered by the central authorities previously.
The GST has called up the biscuit industry to look through the higher possibilities emerging for taxation hike. As the Rs. 36,000-crore Indian biscuit industry demanded finish waiver of Good and Services Tax (GST) on Low Price-High Nutrition (LPHN) biscuits valued under a most extreme retail cost of ?100 a kg.