Search results for: GST regime

The onset of GST might bring a happy face on the consumer of Indian community as the latest draft bill will be issuing a new provision which states an anti-profiteering clause. This clause depicts that the India Inc fraternity will be reducing the prices of the commodities which will get the benefit under the GST regime arriving early 2017.

This time it has been said by a very important player in the global market over the demonetization step of the Indian government. It is Morgan Stanley India which is in the league of the prominent financial race of asset management, commodity signifier, and renowned investment major.

Recently, in an event of Economic Times, the founding member of Medical Technology Association of India (MTaI) Mr. Sanjay Bhutani, Country Manager, Bausch & Lomb India advised some of the significant issues on the challenges of medical device sector.

BCCI in an act of timely response has thrown a meeting around various zones of Kolkata, Chennai, Delhi latest of which held in Mumbai. The board is looking for upcoming GST regime in a healthy manner and has started the preparations to be done before the significant implications fall upon.

Finance Minister recalls the GST Network and has firmly said that banks are under process to link their systems to the GSTN for the upcoming regime

The government from both the polarities of center and states still can’t decide the dual controller of assessees which will be proposed under the GST impact. Finance minister Arun Jaitley said that The meeting has remained incomplete. Discussions will continue on November 25.

The protest has turned into a positive one, as the income tax officers all over the nation worked on Sundays to keep their demands over the fair share in the administration of taxes under the upcoming GST scheme. All India Confederation of Commercial Taxes Association (AICCTA), declares that around 36,000 Gazetted officers and about two lakh employees of Class-III and IV categories were present on Sunday to show their protest in a positive manner.

The centre and its financial department are gearing up for the upcoming GST regime and some of the first reformations are being taken into the SEZ Zone acts. Banikinkar Pattanayak, a government official said that The government will soon tweak certain fiscal provisions of the special economic zones (SEZ) Act, as it gears up to introduce the goods and services tax (GST) regime in the country.

Indian legislation has been very tough from past few months as the aspiration for the implementation of the GST regime is getting sacked up very rapidly. And in the same direction, the Finance Minister Arun Jaitley has asked to implement the said GST tax structure by September next year.