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Alexandre de Juniac, Director General and CEO International Air Transport Association (IATA), was addressing the opening session of the 74th IATA Annual General Meeting and World Air Transport Summit, Sydney today.
Under GST provisions, the government collects integrated tax for Goods and Services utilization and later share this collection between the centre and states.
GST intrastate eway bill is about to get implemented in both Mizoram and West Bengal starting from 1st June 2018 and 3rd June 2018 respectively.
The roll-out of E-way bill on April 1st, 2018 was welcomed with backlash from all quarters especially the business community. But the second homecoming of the E-way Bill is a success story that could go a long way in checking tax evaders. Learning from the earlier mistakes, the Government has this time opted for a phase-wise introduction of intrastate E-way Bill.
Following the recent hike in petrol prices, Taxpayers’ Association and People For India jointly condemned the Central and State (Andhra Pradesh) government and asked to bring petroleum products under the GST ambit.
AAR or the Authority for Advance Rulings has stated that liquidated damages will attract GST. With this, the GST is now a tax for non-performance too.
Goods and services tax was applicable in India from 1st of July 2017 while there are other provisions including GST E Way Bill which was recently applicable from 1st April 2018 across the nation.
A GST seminar was organized recently by the Tax Practitioners Association. The venue was Indore’s very own and famous Pritamlal Dua Auditorium.
In a recent study, it is found that the small and medium-sized companies in the auto components industry are facing a stiff situation under the GST regime.
