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A major reason for the Government of India’s bold moves over the last two years has been driven by its motto to digitize the current economic structure as well as widen the scope of the formal sector.

The carpet industry in India has been going through very hard times as after the implementation of goods and services tax, there is a decline of 5.58 percent in the exports of the carpets.

As mentioned earlier GST would be the Goods and Simple Tax, the definition is going completely against for the apparel exports industry.

The GoM with chairperson Bihar Deputy Chief Minister Sushil Modi scheduled a meeting with the industry representatives and experts to solve out the remaining issues over return simplification under GST.

There is a good news for the construction equipment industry as the sector is all set to grow higher in this year due to slashed GST rates on them. It is expected that the industry may sell over one million units globally this year, as mentioned by the significant player in the industry, JCB.

It is expected that the goods and services tax can touch a skyhigh of 95000 crores of revenue collection this March 2018 when the return will be filed by April 20.

The goods and services tax will be soon in the textbooks of ICSE board class X mathematics books. The Council For Indian School Certificate Examinations (CISCE) stated that the older tax regime i.e. value added tax (VAT) now serves no purpose to the education.

Taking cues from the debacle faced by the Central Government and the GST Council during the first launch of GST E Way Bill for transporters, the government has decided on a phased rollout of the e-way bill services for transporters.

Are you one of those employees who loves his or her office brunch? Well, then there is a bad news for you. No, we don’t mean that your office won’t be able to run canteen services but thanks to GST your sojourn with your colleagues in your office canteen got just a little expensive.