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The GST is ready to mark its footprint in India and there are several reason and questions regarding the implementation of the indirect tax regime. The CBEC officials recently raised concerns about the job losses due to the change of the nature of the job.
Today tax officers will observe the Monday as a ‘black day’ and protest against the decision taken by GST council. The protest will show their dissatisfaction with the decision.
After the leap forward on dual control, it is practically sure that India will have a working GST by July or September, the stress is that as opposed to being progressive, the tax may end up being recently developmental in any event in the underlying years.
GST council nowadays is thinking very deep about various possible points to carry out the compensation which has to be paid to the states while the extra cess would definitely help a little but in the middle of this suggestion, the council is stuck to the point of ranking the service tax into various levels, for extracting different revenue from different types of service offered.
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 […]
The registration process for GST migration has been in full swing but despite the fact that the State government needed merchants paying VAT (value added tax) to move to the Goods and Services Tax administration by January 15, about 80,000 merchants are yet to fall in line. A devoted group of officers had been working in the division to assist merchants paying VAT with migrating to GST told Commissioner of Commercial Taxes M Chandrasekhara Reddy.
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.
The government has all the strategies to cope up the delay caused by many factors in the implementation of GST. This time the administration has come up with an idea to increase the service tax just in the case of late implementation of goods and service tax which is also likely to cross the assumed date of April 1.
In various cases of exemption-seeking from all the industrial and sectors for the purpose of saving some tax revenue continuing for a further investment in GST structure, here in case of adversity, the polyester sector was seen asking for a steady tax rate even after a certain relaxation can be layered on it.
