Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Government auditor CAG is preparing itself to adapt to the upcoming Goods and Services Tax (GST) regime as new audit methods would be required based on a unified tax system once it comes into force, a top official said today.
As the Modi government initiated its greatest war on black cash yet, chief economic advisor Arvind Subramanian pitched for land and real estate under the GST administration to check tax evasions and black money avoidance.
GST is not an overnight thought in India and it takes patience to introduce any new tax reform as consequently, it affects the economy and the India Inc needed to prepare for it before hand. GST is the first tax reform after the independence. We have waited for two decades to introduce GST in India.
Sticking trusts on the speedy determination of the troublesome issue of duty ward with states, Finance Head Arun Jaitley said that Goods and Services Tax (GST) administration will be taken off from April one upcoming year.
SAG Infotech provides the best GST return filing, e way bill and billing software and is available for a free download. The Gen GST software being in-house developed by SAG Infotech which is a panacea for all the complex GST filing operations
State Commissioner of Commercial Taxes Ritvik Pandey on Wednesday said that the Goods and Services Tax (GST) will increase the inter-State transactions and will be positive to the port towns like Mangaluru.
The government is quick to have a legitimate dialog on the three GST legislations in Parliament even as the Lok Sabha on Tuesday dragged through the Income Tax Amendment Bill in the midst of noise without verbal confrontation. The administration needs these Bills to be affirmed by the two Houses of Parliament with an accord in the continuous Winter Session so that the new assessment administration could be taken off from April 1 next year.
As GST is almost ready to implement from April 2017, every organization has started to make future strategies. Currently, Indian drugs are exported to more than 200 countries in the world. India is the largest provider of Generic drugs medicines globally and expected to expand further experiencing a boom in medical industry which will help in generating additional returns for the Industry.
Web-based business administrators like Flipkart and Snapdeal should deduct TCS (tax collected at source) in between making payments to their providers, as per the new model GST law, which has modified the meaning of ‘aggregator’. The model GST law accommodates 1 percent TCS to be taken by the E-business administrators.
