Search results for: Goods and Services Tax

The Goods and Services Tax (GST) was in impact from July 1, 2017, and replaced many different taxes and furthermore goes for rearranging the indirect taxation.

In a first-ever GST fraud case, two directors of forged private firms have been arrested by the officers of the Central Goods and Services Tax (CGST), Mumbai for allegedly availing false credit of GST.

The State Bank of India (SBI) has recently released an Ecowrap report titled ‘The Arithmetic of GST Collections’, according to which the Goods and Services Tax (GST) revenue collection for 2018-19 may increase at a rate of 14 to 16 percent

The government is taking every effort under its strength to tackle down the uncertainties of goods and services tax. The finance minister Hasmukh Adhia recently stated that the government is going through all the technological advancements and scrutiny to ensure that goods and services tax becomes totally foolproof against any of the tax evasion chances or unprecedented situations.

At a recently held meeting of a group of a minister (GoM) which was created to resolve the issues and implement the goods and services tax in a better manner recommended some suggestion for the eway bill under GST.

Due to the shortage of money, it is anticipated that the Punjab government will not pay the salary of their employees on time for the second consecutive month until the Central government pays the share of Goods and Services Tax to the state.

After the beginning of new tax regime- goods and services tax (GST), Gujarat government has said, the main reason of the revenue growth is stamp duty, electricity duty and vehicle tax as these taxes will help the Gujarat government to collect 18.5 percent more tax revenues in 2017-18.

The goods and services tax in India is making several accomplishments while creating extra compliance to assimilate changes into a manageable one.