Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The government from both the polarities of center and states still can’t decide the dual controller of assesses which will be proposed under the GST impact. Finance minister Arun Jaitley said that The meeting has remained incomplete. Discussions will continue on November 25.
The protest has turned into a positive one, as the income tax officers all over the nation worked on Sundays to keep their demands over the fair share in the administration of taxes under the upcoming GST scheme. All India Confederation of Commercial Taxes Association (AICCTA), declares that around 36,000 Gazetted officers and about two lakh employees of Class-III and IV categories were present on Sunday to show their protest in a positive manner.
The centre and its financial department are gearing up for the upcoming GST regime and some of the first reformations are being taken into the SEZ Zone acts. Banikinkar Pattanayak, a government official said that The government will soon tweak certain fiscal provisions of the special economic zones (SEZ) Act, as it gears up to introduce the goods and services tax (GST) regime in the country.
Indian legislation has been very tough from past few months as the aspiration for the implementation of the GST regime is getting sacked up very rapidly. And in the same direction, the Finance Minister Arun Jaitley has asked to implement the said GST tax structure by September next year.
The Media industry in India is known for growth at a faster rate. India is globally the fifth largest media arena. Penetration of smart-phones and the Digital India initiative have led to a spurt of activities in the digital sector.
The mutual funds are a great source of funding towards a particular commodity and with the effect of GST, it has soared a price upon itself a bit more.
Now, the GST will be accessed through online web of the structure as its GST portal is now live and enabling easy filing of returns and tax payments through credit/debit cards and other modes. And in other news, the GSTN software has been completed nearly 60 percent having a vast inbuilt data structure.
Enrollment has been started from 8th November for all the states and the last date for GST registration will be running until 31st March 2017.
According to Japanese financial services major Nomura, Goods and Services Tax (GST) benefits are likely to increase over time and in the long run the indirect tax regime with strengthen tax revenues, boost economic growth. The benefits are expected to be substantial, predicts Nomura.
