Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Gujarat high court has brought lightning news for all the exporter after scratching the deep down legitimacy of a provision under the goods and services tax (GST) that restrains the use of advance authorisation licenses.
After the rollout of GST (Goods and Services Tax), the accountants and the traders are facing problems in filing the GST and have numerous queries regarding this, especially rural traders because the services to clear the doubts on GST is available in English and Hindi only.
In the upcoming months, it is possible that there might be disputes between the central and the state over GST (Goods and Services Tax) but till now no such cases has come forward. For this not to happen, GST Appellate Tribunal has been created.
GST (Goods and Services Tax) was rolled out in July 2017. After GST, India is planning to improve and grow the tax-to-GDP ratio which will become India’s biggest changes till now.
The Goods and Services Tax (GST) which was rolled out on 1 July 2017 is a consumption tax which is charged on the supply of goods and services in India. The collection under GST is not able to touch the targets and are falling short of it.
The Punjab University wants to establish a GST chair which will allow the department to enhance and develop skills needed for understanding the goods and services tax thoroughly. But for this, PU will need funds.
For non-technical errors, companies will soon be able to modify the GST (Goods and Services Tax) return claimed for moving forward the tax credit from the former reign. To bring up a solution and giving the businesses a relief, the GST Council ordered a committee for IT grievance redressal.
The eligibility limit for Goods and Services Tax (GST) registration to annual turnover has been doubled to Rs 40 lakh due to which 60% of registered dealers have been excluded. But this will not affect the revenue much to the government.
The Pune Cantonment Board (PCB) sent a delegation of elected members to Mumbai to meet Chief Minister Devendra Fadnavis on Tuesday. The mission behind this meeting was to urge the Chief Minister to help the Board by offering them a share in the collection of the Goods and Services Tax.
