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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 structure will need a good number of expert officials and trained staff which can keep the taxation in flow, and in this same direction the state commercial tax department is building a team of experts which can further guide and make ready those officials who would be dealing with the core aspects of Goods and Service Tax regime expected to roll out on April 1, 2017.
Cabinet Committee on Economic Affairs (CCEA) has given a relaxing news to the CBEC by sanctioning a good Rs. 2,256 crore to help build them IT structure which will link CBECs system with GST network. The decision is taken to encounter the timeline of 1 April 2017, the roll out of GST.
The expert belief has suggested that Goods and Service Tax will bring some competitiveness into the MSMEs Arena. The Micro Small Medium Enterprise as of now scattered into organized and unorganized sector but both of them will come into an active position to meet the rumble. The said gesture was made by experts at manufacturing conclave which was held by Confederation of Indian Industries (CII) on Tuesday.
Central Board of Excise and Customs (CBEC) has given a new draft rule regarding the implication of popular taxation regime GST on Tuesday. The format on GST return and refunds required assessees to file monthly returns and specifying procedure for claiming refunds of taxes, interest, and fees.
The Central Board of Excise and Customs (CBEC) has released the GST draft rules and formats for refund and return. Previously, CBEC has asked for suggestions for the GST draft rules for registration, payment and invoices, which will be accepting comments and feedback until September 28.
GST will be bringing a complex structure with itself by the procedures and a vast network of operation it would run into, however, the government has identified some sorting into the issue and has taken a viewpoint into consideration that all the payments and monetary transactions will be held through online.
Tripura Government held a very decent and smooth pass on the very significant Goods and Service tax while there were no legislations up from Left Front and even Trinamool Congress or Indian National Congress had any doubt in their mind regarding the GST.
The Central Board of Excise and Customs have invited suggestions/opinions on Draft GST regulations. The Draft GST rules are pertaining to the Registration, Payment, Invoice under respective formats by 28th September 2016. These suggestions will help the CBEC to make corresponding changes in the Model GST Law as mentioned below:
Congress has put all the efforts to control some of the points which would thereby repress the main motive of GST regime to fully function into its caliber. The issues that the Congress and its major finance ministers are pressing down is that of capping of GST rate to 18 per cent.