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A Senior official stated that the tax department has been working to implement GST informant reward scheme to reduce the cases of tax evasion by unethical traders and businesses under the new indirect tax regime.
As per a ruling by the Haryana Authority for Advance Rulings, GST (Goods and Services Tax) will be applicable to the mining rights granted to miners and mining companies by the government at the same rate of 5% which is applicable to the supply of the material being mined.
All the Foreign companies who are operating in the E-commerce space and catering to the Indian consumers are directed to get themselves registered to the GST in all States.
The government now looks strict in terms of tax evasion as Commissioner for GST(investigation) has been appointed to get the law enforced and take over the previous tax regime.
Madhya Pradesh state has now 4 lakh registered traders under goods and services tax regime as the senior state commercial tax official mentioned in a public event.
GST authorities are reportedly working on methods to ensure better tax compliance, including timely return filing and tax payments, from micro, small and medium enterprises (MSME) of the country.
India is a land for spiritualism. While religion in India has been a major political demarcation point, its economic viability is not unknown to many.
Post-GST implementation, the regional authorities, and the state government have become restricted in terms of increasing the additional taxes as most of the taxes now covered under GST levy.
The government is now ready to tighten up the scrutiny of all the taxpayers as according to one of the officials. the tax department will now compare multiple tax data of an individual to ascertain any tax leakage.
