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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.
Union Finance Minister Arun Jaitley again tipped some of the quotes over the much-hyped taxation regime, the GST which has been getting discussed in each and every political corridor in few months. The taxation scheme has been considered the most significant tax reformation since the independence.
The GST has been discussed worthwhile from every angle and aspect proving it to be the fruitful taxation regime of all time but along with it, there are various hurdles coming on its way in its implementation. Previous day West Bengal Finance Minister Amit Mitra was seen discontented with the timing of the implementation of GST on which the Union finance minister Arun Jaitley has given an adamant reply.
The GST Council at its two-day meeting starting today will state over the issue of taxation over assessees and draft model laws for execution of the new GST administration from April 1 next year.
State Commissioner of Commercial Taxes Ritvik Pandey on Wednesday said that the Goods and Services Tax (GST) will increase the inter-State transactions and will be positive to the port towns like Mangaluru.
There is a lot more discussed these days about the demonetization and GST alike their financial impact on the economy. Neelkanth Mishra of Credit Suisse says, Since November 8, the performance of Indian equities has been middling among emerging markets, though it should have been among the least affected.
West Bengal finance minister is relentlessly pressurizing the point that the demonisation effect will also cover the GST and its roll out in coming future. West Bengal finance minister Amit Mitra said that, “the timing is not right for its implementation, given the impact on state finances because of the partial demonetisation, Demonetisation of Rs 500 and Rs 1,000 currency notes, and the resulting turmoil, makes April 1, 2017, target date for a national goods and services tax (GST) unlikely.”
The government is quick to have a legitimate dialog on the three GST legislations in Parliament even as the Lok Sabha on Tuesday dragged through the Income Tax Amendment Bill in the midst of noise without verbal confrontation. The administration needs these Bills to be affirmed by the two Houses of Parliament with an accord in the continuous Winter Session so that the new assessment administration could be taken off from April 1 next year.
Industry body ASSOCHAM has tied up with programming item firm Tally Solutions to teach and set up the retail group for the roll-out of Goods and Services Tax (GST). As a feature of the joint effort, ASSOCHAM and Tally’s Solutions plan to direct a progression of meetings for the retail group the country over, throughout the following couple of months.
GST has been awaited for a very long time, and the economy is somehow facing turf for various other reasons in the meantime also. The recent hit back to the economy is demonetization, as it is said to be a hard step to curb all the black money from the structure. The effects are not yet scrutinized but various top ranking economists are positive on this note.