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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.
GST is giving dilemma in every government body by the fact of its roll out and its implementation on various departments of the authorities. In the same world of confusion, the Pune Cantonment Board is in tensed situation as the board has been suffering from loss of revenue and upcoming GST will sour its problem even more.
SAP a leading technological advancement organization and Assocham which is an industry oriented operation structure, both of these giant bodies, has now started a knowledge sharing platform which is advising upon various significant changes which will be implemented into the business structure after the roll out of GST.
Finance Minister Arun Jaitley has been backing up the proposed GST rate structure which was divided into four rate slab in the previous meeting held. The tax rates of 6, 12, 18 and 26 per cent with almost every goods coming into the 18 percent structure.
The GST is approaching very quick towards the implementation and in this hassle, there is a tense environment created within the officials of the Central Board of Excise and Customs which are very much thoughtful and doubtful about their jobs security. An Indian Revenue Service officer said, “If the government thought, a change as big as GST will not lead to any protests, then they are functioning in a utopian world.”
A long talk was conducted recently with the President of Assocham Mr. Sunil Kanoria regarding the benefits and upliftments of Goods and Service Tax. He said that “By unifying all Indian states and Union Territories into a common market, GST will exponentially enhance the ‘ease of doing business’ for them and this can unleash India’s huge domestic potential.”
GST Network was earlier not seen as a safe and secure method of developing the database from a private based organization which would further infuse non-reliable views over the structure.
The government has been trying to implement two significant economic schemes before the end of 2017 fiscal year namely Bankruptcy law and even more crucial economic reform of Goods and Services Tax. The association has remarked several points regarding this and also assured that there is another law called bankruptcy code under construction.
Oncoming GST has given a fruitful news to the Nagpur land owners, as the city has got all the attention it needed due its feasibility and approach-ability from almost all the cities of the Nation. Once the GST applies itself into the scenario, the local and indirect taxes which were levied at every stage of geographical shifting of goods will be slashed.
Confirmations have started coming out of the box for the newly incorporated taxation regime i.e. GST as the top financial ministry officials are talking with confident tones about the implementation of Goods and Services Tax.