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Ministry of Information and Broadcasting Board has informed to all television broadcasters to run advertisements of GST Awareness Campaign ‘MANTHAN’ so that more and more people aware about the recently introduced Goods and Services Tax Regime.
GST is about to launch in few hours and the nation is just waiting for this biggest transition wholeheartedly. The GST grand event is scheduled to be in the central hall of parliament where the imminent personalities of politics, as well as Bollywood, will get together to see the transition in personnel.
A blazing event in the historically important Central Hall of Parliament will be filled up with all those big names in politics and power today midnight on the eve of launching the India’s biggest tax reform i.e. Goods and services tax with a bell to sound a great initiative for a prosperous economy.
DHL, the logistic services providing company has reportedly planned to invest USD 10 crore in upcoming years in India. Presently, the German logistics company is preparing itself for the upcoming GST along with its customers in India. Notably, the GST is going to be implemented by 1 July 2017.
Telecom industry falls under the category of 18 percent slab rate under Goods and Service Tax (GST) and it disappoints the industry very badly.
GST Rates of Goods 1. GST rate changes on goods of mass consumption for publicity purposes 2. Press Release in relation to changes in rates of goods 3. Changes in GST/IGST rate and clarifications in respect of GST rate on certain goods as approved by GST Council on 10.11.2017 4. GST rates approved by GST […]
Starting from 1st July, the Goods and services tax will be applicable and in return will demand a list of strict compliance. The government will be making a round of inspections and compliance rules to make sure no taxpayer evade the taxes along with proper follow up with the compliance.
Indian Venture capitalist and other private equity firms which are the main responsible entities who boosts and pushes numerous private budding firms and startups towards a better financial position are now afraid of the upcoming goods and services tax heading this July 1st. The reason being is the new GST tax law which will give the authority to the tax officials to claim the taxes dues of their concerned investor companies with full interest and penalties from the designated directors.
Banks will confront challenges under the GST in light of changes to the place of supply standards under the GST. Section 10 of the Model GST Law makes particular taxable frames for every enrollment in each category, as these organizations will file more tax returns under this control on the grounds that branches in each state should file GST returns rather than a combination at the national level.
