Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Demonetization and GST implementation are the two greater moves taken by the government which has a positive impact on the environment.
Delhi, Chief Minister Arvind Kejriwal is blaming two greater moves – including Demonetisation and Goods and Services Tax (GST) for job scarcity. The economic conditions of the country reached to a ‘sad state’ and the opposition parties celebrating the ‘black day’ to mark the first demonetization ceremony.
GST touted as the biggest taxation reform since Independence, it has been nearly 4 months since new indirect taxation regime was implemented across the country.
Every online business generates revenue by advertisements and selling through affiliate marketing. Under GST (Goods and Services tax) regime, the provisions are clearly mentioned for e-commerce operators.
Diamond traders contacted the government requesting to eliminate the 3% Goods and Services Tax(GST) on Business to Business (B2B) transactions.
To deal with the tax-evaders, the anti-black money drive is established with the full power of strict compliance laws. To treat the evaders in a better way, the GST laws are designed in such a way to protect the taxpayers and extract out the tax-evaders in a check.
As per the tax experts review on GST implementation, the old-issue of transfer pricing can tremble the system in coming future.
The Commercial Taxes(CT) department announced that In upcoming 15 days, it will be mandatory for traders and businesses to demonstrate the GSTIN on their respective signboard and showcase registration certificate on their premises.
Income Tax Department is seeking information on past transaction details from banks and financial institutions. Through past transaction details, tax department will be able to determine Goods and Services Tax (GST) calculations.
