Powerd By SAG INFOTECH
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After the havoc created on Tuesday due to increased petrol and diesel prices, the government has frozen the fuel prices for Wednesday and it remained fixed to Rs.86.72 and Rs.75.74 for petrol and diesel respectively.
After the decision of introducing and full implementation of GST in India for the Businesses, however big or small, near about 1,800 businesses which were earlier registered under VAT and service tax regime have taken initiative and have applied for their migration to the GST system in the latest migration window.
The GST launch event was a glittering event that unfolded at the Central Hall of the Indian Parliament. The Midnight of Friday, July 1st, 2017, was an event that was etched into public memory for decades to come.
IGST is levied on the interstate supply of goods and services as well as Indian imports and exports. Exports are zero-rated under the IGST Act.
In a meeting with probationers of 68th batch of Indian Revenue Service (Custom and Central Excise), the President Ram Nath Kovind has appreciated for making goods and services tax a success across the country.
GST was always an ambitious plan when one takes into consideration the diversity that India as a nation subsumes within its territorial boundaries.
The GST council will soon take some important decision on the flood relief for the Kerala state as Kerala’s Finance Minister TM Thomas Isaac is in round talk with the government to let them impose extra cess for the recovery of losses due to the natural calamity.
The GST Council, along with the government, has accepted a new set of GST return forms with the aim to remove the ongoing issues and simplify the overall return process. The new forms would be implemented from 2019.
The main objective of the National Anti-profiteering Authority (NAA) is to ensure that benefits from GST Rate reductions reach end consumers.
