Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Goods and Service Tax (GST) implemented on July 1, 2017, by the government and the states governments would get the compensation for five months as announced, it was reiterated by the Panneerselvam while introducing the budget 2018-2019 in the assembly meeting.
Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio Infocomm are those telecom companies who had recently received notices from the department of GST for claiming exaggerated input tax credit claims.
A GST rate of 18% on the import of aluminium scraps is having adverse effects on a wide spectrum of small and medium scale industries.
In a report presented by a Parliamentary panel chaired by Kirit Somaiya, it is mentioned that the Textile Ministry should try to convince the Revenue Department and Finance Ministry to reconsider the overall structure of the Goods & Services Tax (GST) for the textile sector.
LUT or the Letter Of undertaking is a hot term these days. LUT is paramount for exporters and traders. Export volumes are the real and only parameter that determines the growth rate of a country.
Today, an official said that the GST Council will look after in finalizing the simpler version of GST return filing module that is proposed by Nandan Nilekani on the 26th meeting that will be going to held on March 10th.
The Directorate General of Safeguards has started an investigation and notified as well in 53 cases, as mentioned by the parliament.
Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.
Now goods and service tax (GST) has brought a new problem for the service provider dealers, the problem is their complaints are not going to Central GST department or to the State GST department.
