Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
GST council had already finalized the decisions regarding the alteration in the GST rates on real estate to 1% & 5% for affordable houses and other under construction properties respectively.
The start of the new financial year 2019-20 has also come with slight changes in the income tax and GST rules from April 1. The changes that were announced during the interim budget 2019 will come into effect from April 1, 2019.
The e-way bill system in the coming time would be enabled to calculate the distance for movement of goods bases the postal PIN codes of the source and destination locations but, there would be a 10% variation allowed.
The GST Council and the Government of India has received orders by the High court to get the online portal opened for the submission of TRAN-1 form of GST before March 31, 2019.
The Goods and Services Tax (GST) Council is a federal body between the States and the Centre, but according to the States, Centre is enjoying the creamy side of this arrangement and letting the states wait for the dues.
The Congress president Rahul Gandhi is facing objection by a representative Body of traders especially the small businessmen comprising the retailers, due to his alleged statement where he denoted GST as ‘Gabbar Singh Tax’.
The GST implementation has affected almost every sector and thus the power sector too. There has been a shift seen in the promotion of the power generation mode.
Clarity regarding GST & ITC is much required by any Company and industry, Big or small, as it touches the Economy part of the Businesses. GST Council has constantly endeavoured to make the process crystal clear and gave proper clarification regarding any discrepancy.
GST CMP-01 or GST CMP-02 are the Forms, supposed to be filed by the dealers in order to make the Government aware of his/her opting the Composition Scheme.
