In a meeting with probationers of 68th batch of Indian Revenue Service (Custom and Central Excise), the President Ram Nath Kovind has appreciated for making goods and services tax a success across the country.
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In a meeting with probationers of 68th batch of Indian Revenue Service (Custom and Central Excise), the President Ram Nath Kovind has appreciated for making goods and services tax a success across the country.
GST was always an ambitious plan when one takes into consideration the diversity that India as a nation subsumes within its territorial boundaries.
The GST council will soon take some important decision on the flood relief for the Kerala state as Kerala’s Finance Minister TM Thomas Isaac is in round talk with the government to let them impose extra cess for the recovery of losses due to the natural calamity.
The GST Council, along with the government, has accepted a new set of GST return forms with the aim to remove the ongoing issues and simplify the overall return process. The new forms would be implemented from 2019.
The main objective of the National Anti-profiteering Authority (NAA) is to ensure that benefits from GST Rate reductions reach end consumers.
MSMEs who work in the Sidco industrial estate around Coimbatore city area has requested to the government to make the easy mechanism in order to receive the return on time and to make GST simple.
The Orissa High Court has instructed tax authorities not to take any substantial action against importers on the issue of advance authorization licenses for GST.
The law review panel of officers of the GST Council has recommended in its report that GST on freebies should be removed. Tax should be applicable to the gross value of such goods with the availability of input credit of tax, added the report presented by the committee.
Paint makers in India have increased prices of their products several times in the past years owing to the increase in the prices of raw materials and import duties and depreciation in the rupee value.