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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.
As the Modi government initiated its greatest war on black cash yet, chief economic advisor Arvind Subramanian pitched for land and real estate under the GST administration to check tax evasions and black money avoidance.
A big time relaxation just showered from the top ministry as it conveyed the news that, GST would not be gulping down the most basic requirement food into its basket. Food processing industry is probably not going to have any unfriendly effect as far as tax assessment under the proposed GST administration as the area will keep on being saddled with existing rates, a top Food Processing Ministry official said today.
The Finance ministry toned their voice higher over the execution of the Goods and services tax (GST) from April 1, 2017, even as the Center and states are yet to achieve an understanding of the thorny issue of managerial turf over assessees and just two days are left for the winter session of Parliament to be over.
The Indian Medical Association (IMA), which has 2.7 lakh specialists under its overlay, has asked the administration to excluded social insurance administrations and healthcare services offered by private healing facilities and hospitals from the Goods and Services Tax (GST).
The government from the southern part has been looking into the matter of lottery and prize money situation which will attract into the GST act as one can understand that under the Goods and Services Tax (GST) organization, Kerala faces the danger of its yearly income worth around Rs.4,000 crore from lottery bargains. Finance Minister T. M. Thomas Isaac said that lotteries would go under the GST and once it’s in reality, Kerala will be constrained to allow the operation of lotteries from various States, including Bhutan and Sikkim, which are not in action.
As FM Arun Jaitley on Sunday said that the last conceivable day to pass GST is September 16, many are examining of what might happen in a worst outcome imaginable, if the government somehow managed to miss even this due date? Well, the administration is required to execute the Goods and Services Tax (GST) by September 16, or there would be no duty law through and through after that since the legitimacy of the as of late passed GST charge slips by then, brings up by specialists.
In this era of digitalization, Smartphones are turning into the important gadget for advanced administrations and help the general public carefully engaged, industry bodies and computerized think tanks recommend Indian government ought to offer more motivating forces to India based versatile assembling organizations.
While organizations have delegated advisors to prompt them on GST, not a lot has moved past that particularly with little and medium enterprises. Substantial organizations, in any case, say they can meet the April 1 due date. Discussions with various tax experts uncover that not more than 40-50 for every penny of extensive organizations are prepared for a GST rollout on April 1.
The nation’s adventure that began over seven years back for an indirect duty framework that militates against falling of expenses, appeared to drag out further on Sunday, after the 6th session of the Goods and Services Tax (GST) Council was stopped for need of any indications of an agreement on the sharing of authoritative powers between the Centre and states. The meeting was obliged to meet on Monday but now it has now been scheduled for December 22-23.