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As the GST council has reduced the tax rates on restaurants from 12-18 percent to direct 5 percent, there is a happy vibe in the industry.

It has been more than four months after GST rollout and now it seems that revenue loss chances have reduced. Data collected from GST Council shows that States are continuously enhancing GST collection by the remission of last due dates, a release of late payment charges for some time, and efforts of the government to attract towards compliance.

According to the recent poll organized by Dhruva Advisors, nearly 50 percent CEOs appreciating the Prime Minister Narendra Modi decision to implement the new indirect tax regime from 1s July across the country.

Punjab businessmen demanding from the GST council to reduce the tax rates on dry dates from 12 percent (present) to 5 percent, similar to raisins and cashew nuts.

The government has now decided to utilize the CBEC expertise and its network of about 4500 Seva Kendras to provide solutions to the small businesses and taxpayers who are tackling with the complex return filing procedure of Goods and services tax.

GST is a complex taxation reform, it enhanced the compliance burden on taxpayers and they are facing problems in filing returns. To get rid of this problem, the government had informed to the tax officials to keep an eye on the activities of the newly implemented indirect tax regime.

Hosur is a city in Tamil Nadu , located at a height of 3000ft from the sea level. The temperate climatic condition in Hosur differs from rest of the cities in Tamil Nadu and is the reason for being envied by others. It has a very pleasant climatic condition throughout the year.

Delhi, Chief Minister Arvind Kejriwal is blaming two greater moves – including Demonetisation and Goods and Services Tax (GST) for job scarcity. The economic conditions of the country reached to a ‘sad state’ and the opposition parties celebrating the ‘black day’ to mark the first demonetization ceremony.

The Advisory Group which is formed to assist the Law Review Committee of GST Council is going to gather on 8th November in Guwahati for 23rd GST Council Meeting to decide the proposed changes in provisions to create a system for a smooth functioning of GST.