The GST council chairperson and the union finance minister of India Arun Jaitley indicated that the goods and services tax has got on the track very well
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The GST council chairperson and the union finance minister of India Arun Jaitley indicated that the goods and services tax has got on the track very well
FMCG Company Hindustan Unilever (HUL) stated that it will be soon to say that due to the implementation of Goods and Services Tax, the unorganized sector is at the risk of losing all the business.
In a trial run by GSTN (Goods and Services Tax Network), it is noticed down that around 2 lakh GST e-way bills daily generated as suggested by GSTN CEO in a report.
With the implementation of the biggest reform (GST) in the modern history of India, the expectations were quite high. It is meant to benefit the businesses and economy equally coming under the ambit of Goods and Services Tax.
To make an initiative in preventing tax evasion by small businesses and traders, the government will introduce the Reverse Charge Mechanism under Goods and Services Tax(GST). In this reverse system, it is the responsibility of recipient utilizing goods and services to furnish GST liability rather than the suppliers, as per a report.
Parliament is proposed to include aviation turbine fuel (ATF) or jet fuel under the Goods and Services Tax (GST) ambit by the civil aviation ministry on 28 December.
IGST Refund – Under the GST law, exporters must have to pay the Integrated Goods and Services Tax (IGST) while exporting the goods from one place to another.
In the reign of goods and services tax, there are lots of goods and services which have suffered a sudden price rise even if they are basic to the common man.
After so many ups and downs, encompassing the new Goods and Services Tax Regime (GST), Gujarat stood at the third position in GST collection among the top five states and managed to maintain its position throughout the country.