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The group of ministers under the Bihar deputy chief minister Sushil Kumar Modi led ministerial panel will be looking into incentivising the digital payments under goods and services tax on May 11.
The GST Tran-1 which was introduced by the GST council along with the implementation of goods and services tax is a form meant for filing in order to avail the older credit of taxes paid before the coming of the goods and services tax.
Goods And Services Tax (GST) was implemented from July 2017 and 18% GST is liable to pay for banking services. Subordinate Services Selection Commission has announced direct recruitment for the vacant posts and applicants have to fill the online applications regarding the same.
It is due to the implementation of goods and services tax that the Federation of Surat Textile Traders Association (FOSTTA) is crying for help.
According to the officials, the government is planning to impose the cess on the supply of sugarcane as it will be discussed in the next Goods and Services Tax (GST) Council Meeting.
The hospitality sector is one of the industry which well handled the storm of Goods and services tax as well as demonetisation.
The carpet industry in India has been going through very hard times as after the implementation of goods and services tax, there is a decline of 5.58 percent in the exports of the carpets.
It is speculated that the goods and services tax might bring construction cost lower but not the prices of the house as according to the report by real estate consultancies.
The goods and services tax will be soon in the textbooks of ICSE board class X mathematics books. The Council For Indian School Certificate Examinations (CISCE) stated that the older tax regime i.e. value added tax (VAT) now serves no purpose to the education.
