Powerd By SAG INFOTECH
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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.
The Goods and Services Tax (GST) was in impact from July 1, 2017, and replaced many different taxes and furthermore goes for rearranging the indirect taxation.
The government stated that all the states have to implement the national e-way bill system for the intra-state movement of all goods from June 3.
In a statement released, the Bombay High Court has instructed the Maharashtra government and the Centre to provide solutions to the GST related issues of the citizens by April 24, 2018.
Gst council meeting is scheduled on Saturday to have to the discussion over the two important topics- the successful implementation of the e-way bill and the lower collection of goods and service tax(GST) under the composite scheme.
Application protest shape documenting against the Companies who are not passing the tax benefits to the clients, is expected to be simplified.
As confirmed by the Central Board of Excise and Customs (CBEC), errors by exporters in filing GST returns are causing the delay in disbursing tax refunds. Only a third of the total returns filed under the new tax regime are eligible for tax refunds and the refund process for those with clear documents has begun.
The Directorate General of Safeguards (DGS) recently asked Hindustan Unilever about clarifications regarding the methodology used by the company in reaching Rs 119 crore to the government after it was not able to pass the GST benefits to customers.
It has been almost eight months since the Goods and Services Tax (GST) was launched in India and it is still going through changes. GST is far from a stable state.
