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On Wednesday, Union Finance Minister Arun Jaitley said that the GST Council members will discuss to be included real estate sector under the newly implemented Goods and Services Tax (GST) Regime.
The state government is all ready to look up for the complaints against the businesses who are not issuing bills or issuing bogus and improper bills or staying away from paying the GST.
An educative seminar on recently implemented Goods and Services Tax (GST) Regime has been organized by MIDC Industries Association (MIA) for the members of the association.
Taxpayers have requested the government to permit more time for filing the tax returns, invoices and payments of July month after the implementation of the Goods and Services Tax (GST).
The Surat textiles industry is protesting for newly introduced Goods and Services Tax Regime and demanding for GST exemption on fabric and textiles.
The finance ministry is planning to set up an Anti-Profiteering Body to deal with fraud price hikes and to clear confusion over the new GST prices of goods and services.
The solar sector is troubled with the implementation of the new indirect regime as tax rates of solar products are not clear. However, suppliers yet not started passing benefits to the consumers that they acquiring from input tax credits- which is connected to high taxation rates and higher prices for customers.
It is uncertain that what if the implementation of the Goods and services tax (GST) goes expensive with inflation goes higher but the government is still assuring the fact, that it won’t be the case in the GST.
The GST knowledge training is the top most priority of every state government and the center is also making every effort to create awareness on the same issue. Recently taking the example of Gujarat government, which is taking every possible action towards the smooth and responsible implementation of the new tax regime.
