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The Goods and Services Tax bill is stuck amidst the ongoing war between the government and the Congress. In words of Congress Vice President Rahul Gandhi “The Congress party will support the GST bill openly in the Rajya Sabha if the Government agrees to its conditions.” As per Rahul Gandhi, it will take only 15 minutes for Congress to stand in full support along with the BJP who is a minority in Rajya Sabha.
The biggest tax reform of our nation, Goods and Services Tax (GST) Bill has got the support of chairperson of Mahindra Group, Mr. Anand Mahindra. Backing the bill, Mr. Mahindra said today that if the GST will not be implemented in the Parliament then it will badly affect the country and also prevent to become a common market. He also told that the GST is a Brahmastra of India.
GST Stands for Good and Services Tax that is a vital regime of India. It is the biggest indirect tax reform since independence. It would be levied when a consumer will buy a good and service.
The Indian Government is willing to talk with the main opposition party-Congress for backing the Goods and Services Tax (GST). The Janta Dal (United) and Biju Janta Dal pushed the government to opt for a give-and-take conversion with the opposition on the GST Panel and finishing one per cent inter-state tax (CST).
The Fourteenth Finance Commission (FFC) has reported in Parliament that the income of Union Tax has been raised by 42 per cent. This is the biggest increment after the 13th Finance Commission, on that time the State Share of Union Tax is 32 per cent. The constitution of Finance Commission of India changes in every five […]
Tax payment to the government by any single person or any corporation is known as direct taxes, and tax paid for the use of goods and services is known as indirect taxes. The main aim of collecting taxes is to make out the expenditure of the government for the betterment of a nation. Submit Query […]
The goods and services tax rate cuts are still not giving benefits to the larger number of people and taking this point into the mind, the government is set to extend the term of National Anti-profiteering Authority (NAA).
GSTR 9C is an annual audit form under goods and services tax which has been released for all the business units having turnover more 2 crores annually. The form undertakes auditing part of such business transactions.
R. Kalyanasundaram, president of Tamilnadu Pumps and Spares Manufacturers’ Association (TAPMAA) claimed that the GST (Goods and Services Tax) has taken their business to another level and GST is a boon to the small-scale units.
