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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.
Despite the fact that the intensity over demonetization is a major consideration still the Opposition response to GST and the way that it must be put off from the first implementation date of April 1, the partition over dual control has been a concerned issue from the earliest starting point.
Congress pioneer Jairam Ramesh said the party was always speaking with West Bengal Finance Minister Amit Mitra, who is the executive of the empowered committee of state finance ministry. The parties have been in contact with each other and more than a few outstanding issues in regards to the execution of the Goods and Services Tax, in front of a two-day meeting of the GST Council.
The delay is expected to be extended for around two or maybe three months which will certainly give some extra amount of time to the apex bodies for this significant reform. The administration is yet to settle on a date, which is probably going to be either 1 June or 1 July, the general population said on state of secrecy.
The Society of Indian Automobile Manufacturers held meetings with three state governments in recent weeks. The state government of Maharashtra, Gujarat and Karnataka assured the SIAM members that they will stick to their earlier commitments.
Reserve Bank of India (RBI) governor Urjit Patel said that the implementation of the goods and services tax nationwide will provide flexibility to the economy. He further said that the demonetization of higher currency notes will embrace a significant change in long-term. The quotes were mentioned in the Financial Stability Report published by RBI.
The trade and industrial body, in an announcement, witnessed that the Union finance head declared that GST would be authorized all through the nation from April 1, 2017, or within three months from there on. Tamil Nadu Chamber of Commerce and Industry appealed to state commercial taxes division to assist enlisting VAT merchants into the goods and services tax (GST) enrollment.
The latest GST council gatherings have missed the mark regarding desire as the absence of agreement on the issue of tax organization or ‘double control’ implies that April 1, 2017, due date for GST usage looks unachievable.
Micro, small and medium enterprises (MSMEs) sector is much awaited to welcome the all mighty goods and service tax and also being in dilemma after what will be consequences of the same. The issues regarding the INR 1.5 crore limit on the levy of duty on MSMEs. While the same has been challenged to bring at a neutral level that of service tax.
Organization delegates, alongside those from their higher body, the Society of Indian Automobile Manufacturers, have met with three state governments as of late. Tata Motors, Mahindra and Mahindra and Bajaj Auto are among those with concerns, having made huge speculations to set up assembling units as an end-result of state advancement appropriations.