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Madurai Collector K. Veera Raghava Rao along with many top tax officials attended the one-day awareness programme in the city which was organised for the benefit of traders and stakeholders of the GST.

Sweet Makers are in the midst due to the new indirect tax regime as new GST rate depends on the variant of swSweet Makers Confused A Lot After GST Confusing Rateseet. GST Council has decided different rates for different sweets which create confusion for sweet makers.

While the cash-based unorganised retail industry was still recovering from last year’s demonetization effects, the implementation of the Goods and Services Tax (GST) has further increased its problems as most of the small grocers are preferring to directly purchase from GST compliant major wholesalers.

Now the business entities can upload their daily invoice details or account statement including sale and purchase of goods and services at the portal, as GSTN portal has started uploading invoice details.

Manufacturers of retail chains and department stores of fashion and lifestyle products across India have communicated to the stores that they must pass on benefits to consumers due to the price differences after the implementation of the new indirect tax regime.

The Goods and Services Tax Council could take up at its next meeting tax assessment issues raised by sectoral bodies alongside a survey of the execution of the new GST tax regime, a top GST council official has said.

One month is about to complete as the country has entered into the new regime. Nearly 15 officers and inspectors from the tax department have been spending long time hours on daily basis to solve the problems and queries of merchants, traders, and taxpayers. At GST help desks, each officer deal with 10 cases in a day which is generally related to the digital signatures and PAN mismatch.

Central Board of Excise and Customs (CBEC) has declared first-month revenue data after the implementation of the Goods and Services Tax Regime.

According to the trade body, handmade manufacturers and other floor coverings have been adversely impacted with the levy of 18 percent GST on job works and 12 percent on the sale and purchase of handmade goods.