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The goods and service tax has been very significant for lots of industries which are in the dilemma of the after-effect of the upcoming GST regime. The majority of the sectors are hiking up to the revenue as the GST promised the growth and many of other assumptions as of what earlier statistics can transform into new one.
GST will be soft even in the cases of criminal activity within the premise of tax collection. As per from the sources, the authority is discussing about provision which can give some relaxation to the dealers or any business units if it’s found guilty of not repaying tax or providing false information and in order to make GST administration less burdensome
A rating agency ICRA has come out with an unexpected positive sign for the states, mainly Maharashtra, Tamil Nadu, Karnataka, West Bengal and Gujarat for their increased profits in the generation in service tax after the implementation of goods and service tax which is now scheduled to be applied from July 1. The assumptions are taken aback that the […]
Comptroller and Auditor General of India (CAG) has started its practice towards raising powers in their respective fields. While the department has always enjoyed the auditing of likewise all the information of taxation base of revenue generated in the consolidated funds of India, this time the eyes are raised for the inclusion of this power into the upcoming GST draft law to continue their prowess.
The Goods and Services Tax constitutional amendment having been declared by the Govt of India, the rollout of the GST Bill will be an aggregate exertion of the Central and State Governments, the citizens and the IT platform supplier i.e. GSTN, CBEC, and State Tax Departments.
Goods and service tax is an ever extending part of the government’s initiative to fully implement the direct tax regime into the structure. While many parties are still confused and doubtful, but the BJP MP Subramanian Swamy has now come up with a staggering revelation about the recent loan offering to the Goods and service tax network by the IDFC of INR 550 crore.
The goods and services tax has finally ended up the online party for the smartphone customers. The gap between the online and retail prices of the smartphone is now reduced to a considerable level with still lesser price marks in comparison.
Goods and service tax has taken a toll over each and every position and state and this time the Associated Chamber of Commerce and Industries-Kashmir (CCIK) has been saying some worthy words over the issue. The association has seen some mismanagement over the implementation of this significant tax regime in the state.
Goods and service tax network have been very significant in making the new tax regime play safe and handy through every business entity as it will be front fascia of GST from the window of the online platform. Now the government is considering its safety in terms of cyber security.
