Powerd By SAG INFOTECH
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GST amendment was done by the Government in the recent past and now in order to make the benefits reach to the Business class, has got the amendment notified.
The new GST return filing system, along with modified GST norms, is expected to go live by the next year. Experts are sharing their reviews and explanations of the new GST norms and policies and how they can benefit the dealers and consumers.
GST was always an ambitious plan when one takes into consideration the diversity that India as a nation subsumes within its territorial boundaries.
The NAA or National Anti-Profiteering Authority was set up with the sole purpose of ensuring benefits from GST rate reductions reaches the common taxpayer
In a bid to leverage all the benefits of the goods & services tax (GST) system and to make the holding structure easier, major registered companies like Hindustan Lever, Hindustan foods and Lux Industries have started merging their unlisted businesses within them.
A recent order from the Karnataka Authority of Advance Rulings says that services rendered within a company by one office to another which is located in a different state will attract GST.
As per the new amendments made to CGST Act in the Lok Sabha, the centre has excluded the provision of credit available for the Cess paid when transiting from GST considering previous indirect tax regime.
The GST return filing process along with the return forms are set to get revised soon. The GST Council has already approved the new return filing structure, which is now under consideration in the ongoing session of Parliament.
Kolkata is popularly known as the City of Joy. But the GST regime it seems has not brought much joy to the security agencies in the city as well as the state.
