Latest & Trending GST News

GST has a wide impact on every possible sector and this time it has far reached towards the Housing industry which is claiming it for a high volume and low housing facility for everyone. The sourced information has been recovered from a white paper which is name Decoding GST and Real Estate Regulation by RICS, a self-regulatory professional body for qualifications and standards in land, property, construction and associated environment issues.

Finance Minister recalls the GST Network and has firmly said that banks are under process to link their systems to the GSTN for the upcoming regime

Construction Chemicals producing firm Hindcon Chemicals Ltd suddenly changed its mind while placing their new plant earlier in the north. The sources said that in a meet, the company has now decided to project its new plant in the west.

The old issue of assesses control has been replied by The Indian Revenue Service (Customs and Central Excise) officers’ association who has demanded the council to give the authority of assessing all the taxpayers under the turnover of lesser than 1.5 crores to the centre.

The government from both the polarities of center and states still can’t decide the dual controller of assesses which will be proposed under the GST impact. Finance minister Arun Jaitley said that The meeting has remained incomplete. Discussions will continue on November 25.

The protest has turned into a positive one, as the income tax officers all over the nation worked on Sundays to keep their demands over the fair share in the administration of taxes under the upcoming GST scheme. All India Confederation of Commercial Taxes Association (AICCTA), declares that around 36,000 Gazetted officers and about two lakh employees of Class-III and IV categories were present on Sunday to show their protest in a positive manner.

ASSOCHAM (Associated Chamber of Commerce and Industry of India) has asked for a 25 percent of tax in the GST implementation, while the plea was discussed with the centre and its board said

The GST is very near to the implementation and all the member’s government, enterprises, regulators and consumers will join the league making the motto of one country one market structure come alive.

A huge crunch has been employed over the black money issue on this November 8 by the prime minister and has also given a sign to the people who are digging holes for their black money that no way will be provided them to save their evil income. While the demonetization was announced on air, people were rushing through the lanes of gold market for exchanging their cash for some gold.