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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.
Web-based business administrators like Flipkart and Snapdeal should deduct TCS (tax collected at source) in between making payments to their providers, as per the new model GST law, which has modified the meaning of ‘aggregator’. The model GST law accommodates 1 percent TCS to be taken by the E-business administrators.
The Government has given a serious concern over the GST and its upcoming benefits to the consumers, and it has also been doing some homework with its top officials at GST council. The government is watching through all the aspects of implementing GST and here it also arose again on the verge of completion.
The Union government on Saturday released the drafts of the three supporting legislations for the Goods and service tax (GST). These three draft laws are—the central GST law, the integrated GST law, and the compensation law— which will be talked about in the meeting of the GST Council scheduled on 2-3 December. After a while board gives its gesture, the bills will be presented in Parliament in the progressing winter session. Entry of the bills in the upcoming winter session will be vital for the administration to meet its 1 April execution due date.
The GST network has got 48 of the prospective firms on their list who are desiring to be in the service providing team of GST network. The firms will have to acknowledge their efficiency in handling the large database and to become GST Suvidha providers for the upcoming GST regime.
Various bodies of the Indian community have been active since the GST is about to spell its cast over the taxation structure of the nation. Many of the government organization and private institutes are hovering on the concerned people to educate them on this matter of GST. Now in this same direction, Confederation of Indian Industries (CII) has come up with an event to shower the necessary information on GST.
The onset of GST might bring a happy face on the consumer of Indian community as the latest draft bill will be issuing a new provision which states an anti-profiteering clause. This clause depicts that the India Inc fraternity will be reducing the prices of the commodities which will get the benefit under the GST regime arriving early 2017.
This time it has been said by a very important player in the global market over the demonetization step of the Indian government. It is Morgan Stanley India which is in the league of the prominent financial race of asset management, commodity signifier, and renowned investment major.
Recently, in an event of Economic Times, the founding member of Medical Technology Association of India (MTaI) Mr. Sanjay Bhutani, Country Manager, Bausch & Lomb India advised some of the significant issues on the challenges of medical device sector.
A very crucial meeting which was scheduled to happen on November 25 now postponed to December 2-3. Various states were in the row to modify the rules and regulations in model GST and the compensation laws.