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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.
The goods and service tax has been very significant for lots of industries which are in the dilemma of the after-effect of the upcoming GST regime. The majority of the sectors are hiking up to the revenue as the GST promised the growth and many of other assumptions as of what earlier statistics can transform into new one.
GST will be soft even in the cases of criminal activity within the premise of tax collection. As per from the sources, the authority is discussing about provision which can give some relaxation to the dealers or any business units if it’s found guilty of not repaying tax or providing false information and in order to make GST administration less burdensome
GST council nowadays is thinking very deep about various possible points to carry out the compensation which has to be paid to the states while the extra cess would definitely help a little but in the middle of this suggestion, the council is stuck to the point of ranking the service tax into various levels, for extracting different revenue from different types of service offered.
A rating agency ICRA has come out with an unexpected positive sign for the states, mainly Maharashtra, Tamil Nadu, Karnataka, West Bengal and Gujarat for their increased profits in the generation in service tax after the implementation of goods and service tax which is now scheduled to be applied from July 1. The assumptions are taken aback that the […]
Goods and service tax might prove to be a beneficial implementation for logistics firms. This point is creating buzz these days in the share market. But the sector knows that the sudden benefit will not shower upon them and the gradual hike will only be seen after one year of GST implementation.
Comptroller and Auditor General of India (CAG) has started its practice towards raising powers in their respective fields. While the department has always enjoyed the auditing of likewise all the information of taxation base of revenue generated in the consolidated funds of India, this time the eyes are raised for the inclusion of this power into the upcoming GST draft law to continue their prowess.
Goods and service tax implementation is being speculated with many professional eyes and in this attempt, Nomura, Japanese financial service provider and a mogul in its field served its clever statistics over the Indian economical inflation and its overall impact along with its growth rate.
In a noteworthy leap forward on GST front, the Center and the states ended up with an agreement on the hostile double control issue on its eighth meeting at New Delhi to make a ground for the rollout of the greatest assessment change from 1 July 2017, said Finance Minister Arun Jaitley.
The registration process for GST migration has been in full swing but despite the fact that the State government needed merchants paying VAT (value added tax) to move to the Goods and Services Tax administration by January 15, about 80,000 merchants are yet to fall in line. A devoted group of officers had been working in the division to assist merchants paying VAT with migrating to GST told Commissioner of Commercial Taxes M Chandrasekhara Reddy.