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The goods and service tax will be a no stone heavy for the boarding and lodging students of under class X. The parents can take a sigh of relief as the government has announced clarification over the GST being actualised across the nation.
Goods and Services Tax (GST), the biggest tax reform since Independence came into existence on 1st July in India. Industry experts feel that various sectors or industries will not be benefiting with the new tax regime. Some of the renowned Industry experts reviewed over the implementation of the new regime are mentioned below:-
Goods and service tax is applicable across the nation with simplified rules and regulations. But in case, if you are still in doubts and are not sure about the generation of bills in a restaurant, you must be prepared to understand the changes included in the bill provided by the restaurants.
After the implementation of the new regime, the service sector of the country improved the business conditions in the month of June. According to the survey report, Nikkei Purchasing Managers’ Index (PMI), services grow to an eight- month high of 53.1 in the month of June from 52.2 as compared to previous month.
After the rolling out of GST Regime in India, some of the industries benefited with the new regime whereas some are in trouble. The manufacturing sector is one of the most important sectors in the country, retailers and dealers are facing problems to purchase goods. Initially, they are focusing to clear their available or old stock.
Latest GST Circulars/orders from the official head office of CBEC and commissioner GST is available up to date for the notification purpose of GST India. The Goods and service tax is the biggest reform by the Indian government to tackle the complex tax rate structure that was followed until now. It has been assumed that […]
According to the new notification issued by the government, now, retailers and manufacturers can sell their old inventory as per the new GST prices till September. But several industries, companies, and businesses are upset with this announcement as to why the government has not issued this notification earlier.
The government has issued notification for the implementation of Central Goods and Service Tax (CGST) regime from 1st July and clarified that the new indirect taxation regime is absolutely correct.
The registrations are again up for the taxpayer’s community who had missed the previous timelines but this time with a more tight area for the process. The GST network is open for the assessees to register within the GST with less than a week away from the ultimate roll out.
