In the starting of January, the GST network (GSTN) Chairman Ajay Bhushan Pandey has said, 55 lakh goods and services tax (GST) returns has been filed so far, which is a rising curve of assessees under the country new tax regime.
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In the starting of January, the GST network (GSTN) Chairman Ajay Bhushan Pandey has said, 55 lakh goods and services tax (GST) returns has been filed so far, which is a rising curve of assessees under the country new tax regime.
The restaurant industry in Mumbai and Bengaluru feels good after the implementation of Goods and Services Tax (GST) and has been largely positive.
The Federation of Indian Chambers of Commerce and Industry (Ficci) recently commented on the conditions of goods and services tax in the logistics sector as it considered it to be positive for the industry but various other issues have covered up all the better points of
There may be good times awaiting for the Indian commercial vehicle industry as the centre is pitching for a zero tax rate on the sale of second hand or the old commercial vehicles under the goods and services tax.
The tea industry figured slow growth at the auction centres instead of global and domestic signal working in favour of the Indian market. The reason behind the confusion is generated after goods and services tax (GST) implementation in India.
In a very exciting news from the government revenues department is that the estimations of revenues from the Goods and Services Tax may cross INR 1 lakh crore a month mark while going towards the end of upcoming next fiscal year
GST council cleared recently that whatever the cost of oil and gas manufacturers recovers from the sale of petroleum just before transferring benefits to the government which comes under the production sharing contract is not subjected to the goods and services tax.
The government is concerned regarding the Rs 50,000-crore shortfall generated in goods and services tax collections during the year 2017-18. Although, the government hopes to compensate this shortfall with the collection hike of 67% in the year 2018-19 and expects to cut rates before the 2019 elections.
The Commerce Ministry of India has asked the government to put one Goods and Services Tax (GST) rate on multimodal transportation medium of vehicles in order to lower compliance burden on automobile producers and enhance logistic services, an official mentioned.