Powerd By SAG INFOTECH
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The Goods and Services Tax (GST) which was rolled out on 1 July 2017 is a consumption tax which is charged on the supply of goods and services in India. The collection under GST is not able to touch the targets and are falling short of it.
GST Council gave a high sigh of relief to the Trade-industry on concessions but are doubtful whether it will be long-lasting or not. As per the Tax officials, the random changes and modifications in the rules created a self-contradictory situation due to which it is also possible that the discounts given will be taken back or will become neutral via other norms.
The government recently was held for the degrading health concerns of the general public by the growth of pollution both land and air at a tremendous pace.
The GST was implemented with a bang of the slogan ‘One Nation, One tax’. The implementation of which was done with enthusiasm but not with proper planning which resulted in poor outcome and criticism.
The Finance Department directed (removal of difficulties) order to remove the problems faced by the businessmen while filing the GST returns on the J&K Tax orders and provide the annual returns digitally.
Despite taking all the pains to successfully implement GST in the Country, it looks like the increasing difficulties in the path of its implementation and the doubled complexity of the process has now started discouraging the Council as well as the Government. If we look at the complete scenario, it seems as if GST is […]
For non-technical errors, companies will soon be able to modify the GST (Goods and Services Tax) return claimed for moving forward the tax credit from the former reign. To bring up a solution and giving the businesses a relief, the GST Council ordered a committee for IT grievance redressal.
The government has recently done with some modifications with the compliance part for the small businessman, however, there are some issues for the traders while following the procedures given by the government.
As we know, in the GST Regime, businesses whose turnover exceeds Rs. 20 lakhs is required to register as a normal taxable person.
