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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.
Goods and service tax has been proving fruitful in many cases as the executive chairman of the Templeton Emerging Markets Group, Mark Mobius has suggested. He has shown the sign that there will be a mark of 20 percent in the earning of companies.
Retailer association of Indian community has given a consent that the upcoming GST rate must be close to the current rate of tax applied to the market. A statement from the association was that The delegation emphasized the need to transition to Goods and Services Tax (GST) at rates as close as possible to the current effective rate of tax.
The state government of Bhopal has cleared a relaxing point that it will continue to offer the compensations to the newly set up industries which are subjected to the compensation under the promotion campaign started by the state authorities.
The GST council has been callings numerous meeting sessions from August starting from the day when parliament and both the house of states cleared the GST bill with the consent. In this same line-up, the GST council held a three-day session in Delhi for finalizing the GST rate.
Central Board of Excise and Customs has given a clear indication to its working staff to shed off all the pending cases related to drawback payments and clearing pending refunds. The announcement has been made in order to make the way for GST and giving it a smooth hassle free structure to operate.
Finally, government has cleared off some clouds over the blur issue of taxation rate. The tentative rates were being generalized after the first-day meeting of the GST council headed by Finance minister Arun Jaitley. The rate of taxation has been running under the row and would be improvised soon.
GST regime has been on its way towards the implication, and in this journey, the dream work of UPA government caught a seizure. Large Taxpayer Units are now in the black zone and will be closed down as soon as the new taxation regime comes into force.
Assam being the first state to take a step towards implementing GST as the registration process initiated which will be taking down the details of all the taxpayers and making them enlisted into the taxation list.
GST council pre-decided meeting turns out today for some crucial decision which will infiltrate the Indian economy and its financial structure from now onwards. The main agenda has turned out to be the final taxation rate on which the GST will be operational while other issues like compensation and service tax assessment will also be looked upon. All the state finance ministers will be a part of this significant meeting.