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CAG Amidst Confusion Over Auditing Power Under GST

The CAG (Comptroller and Auditor General) auditors are done with all the rigorous training in the wake of upcoming goods and services tax in India which will be implemented as scheduled on July 1, 2017. But one thing which has confused the auditors the most is that how these professionals will get the access to the GST data for auditing and also where will be the exact department to handle after the GST.

GST Bills Presented in Rajya Sabha Near to Closure

Finally, the draft bills of GST presented in the Rajya Sabha for the discussion as speculated by the GST council and government authorities to wind up the GST procedure as soon as possible. Earlier the Lok Sabha has cleared four significant bills of GST which were relevant to Central GST, Integrated GST, UT GST and GST Compensation bill.

Government Deploys Ten Active Groups for Sectoral Issues Resolution Under GST

In a fortifying step to clear out each and every issue arising out of trade and industries in the concern for goods and service tax rolling out soon from July 1, which is just over three months from its execution, the government of India has harmoniously raised their hands to the aching community from every sector, be that from e-commerce, banking and insurance, logistics to come up with their problematic worries before the GST.

Apple Inc Denied of Exemptions Under GST by Govt. of India

India on a strict basis made a strict denial to the California-based technological firm Apple Inc in reference with their demands of various exemptions exceeding the government’s norms and rules. The Apple was sorting out to install a manufacturing hub in the south Asian country and for this, the organization was questioning the Indian government to grant some exemptions on imported parts that are used in the assembling process.

Telecom Sector wants to be Treated like Banks after Applying GST

The problems of Indian Telecom sector is about to risen up after the implementation of Goods and Service Tax in July. The industry is currently operating in 22 licensed service areas, which will then have to face multiple jurisdictions while paying GST. To avoid this issue, the industry wants to be taxed after the collection of the revenues at one place, just like banks.

Major Concerns of PM Modi about GST Roll-out in India

Goods and service are a major concern which will impel all most every administrative authority to indulge and assess the progress. The honorable prime minister of India also was present as the Budget session of Parliament resumed, Prime Minister Narendra Modi hoped there will be a leap forward on the Goods and Services Tax (GST) charge

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