Search results for: Goods and Services Tax

The international monetary fund has regarded the goods and services tax of India as the significant tax reform and also considered it to be the milestone reform taken by the government for the betterment of the economy.

The goods and services tax has made a roadblock for the first ‘green bus’ project initiated on the behest of Union Transport Minister Nitin Gadkari on 6th December 2016.

The GST Council, in its 29th GST meeting on Saturday, is likely to discuss the proposal to remove the CGST (central goods and services tax) levy on small businesses with annual turnover of up to Rs 1.5 crore.

The much-awaited Goods and Services Tax Appellate Tribunal (GST-AT) has been given approval from the GST Council. The GST-AT will be set up in the form of a higher judicial forum which is going to look into the redressal disputes of businesses under the new Goods and Services Tax regime.

Soon the Special Economic Zones Rules 2006, to comply with goods and services tax compliance after the much conclusive 28th GST council meeting.

The goods and services tax is a groundbreaking indirect tax regime appeared in the history of Indian economy and politics.

The Indian IT (Information technology) Industry has been amongst the ones who were impacted by the last year’s implementation of the goods and services tax.

A relaxation on Goods and Services Tax (GST) for making payments via digital mode has been proposed by the government recently, however, the states are opposing this decision, saying it is a discrimination especially for those users who are not using digital modes of payment.

In sharp contrast to underlying industry doubts, all National Anti-Profiteering Authority orders under the goods and services tax (GST) have gone against the complainants.