The GST was supposed to make Indian Taxation System Good and Simple. But after more than eight months down the line, it seems that the new GST regime is marred by technical glitches and operational complexities.
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The GST was supposed to make Indian Taxation System Good and Simple. But after more than eight months down the line, it seems that the new GST regime is marred by technical glitches and operational complexities.
In the meeting held earlier this month, the GST Council has decided that it will implement e-wallet system to ensure timely refunds to exporters.
The domestic sales for passenger automobile vehicles have grown by leaps and bounds. However, the export figures for passenger vehicles are in sharp contrast to those of the domestic sales.
Starting from the GST council meeting on 10 March to first return filing process, the states have been asked to provide suggestions on GST filing procedure.
Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.
Application protest shape documenting against the Companies who are not passing the tax benefits to the clients, is expected to be simplified.
Now goods and service tax (GST) has brought a new problem for the service provider dealers, the problem is their complaints are not going to Central GST department or to the State GST department.
The Federation of Indian Chambers of Commerce and Industry (Ficci) recently commented on the conditions of goods and services tax in the logistics sector as it considered it to be positive for the industry but various other issues have covered up all the better points of
GST e way bill is an electronic bill which will be required for the movement of goods in case the value of the goods are above 50 thousand rupees. The bill can be generated from the GSTN portal and every registered taxpayer must require this e-way bill along with the goods transferred. And learn its […]