The patient work and perfect strategy have reaped goodies for the GST Council as, after continuous downfall in the Revenue collection, January 2019 has come up with Good news for the Council.
Powerd By SAG INFOTECH
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The patient work and perfect strategy have reaped goodies for the GST Council as, after continuous downfall in the Revenue collection, January 2019 has come up with Good news for the Council.
The Telangana government has recently opted to amend the SGST Act which would further help the system to offer a refreshed version of return filing and would also facilitate input tax credit under the GST.
The Biggest players of the Tyre Industry looks to be under the scanner of the GST Council as a huge mismatch in the returns is evident from the current probe.
The GST Council is providing an alternative to the traders and businesses of all states regarding the threshold limit of GST.
GST (Goods and Services Tax) was rolled out in July 2017. After GST, India is planning to improve and grow the tax-to-GDP ratio which will become India’s biggest changes till now.
The Goods and Services Tax (GST) which was rolled out on 1 July 2017 is a consumption tax which is charged on the supply of goods and services in India. The collection under GST is not able to touch the targets and are falling short of it.
GST Council gave a high sigh of relief to the Trade-industry on concessions but are doubtful whether it will be long-lasting or not. As per the Tax officials, the random changes and modifications in the rules created a self-contradictory situation due to which it is also possible that the discounts given will be taken back or will become neutral via other norms.
The government recently was held for the degrading health concerns of the general public by the growth of pollution both land and air at a tremendous pace.
The GST was implemented with a bang of the slogan ‘One Nation, One tax’. The implementation of which was done with enthusiasm but not with proper planning which resulted in poor outcome and criticism.