Search results for: GST council

The government of India is busy tackling the GST woes and has ended up losing a lot of road kilometres this year.

At a recently held meeting of a group of a minister (GoM) which was created to resolve the issues and implement the goods and services tax in a better manner recommended some suggestion for the eway bill under GST.

It is the time when taking loan can be based on GST data instead of taking a loan in exchange for gold.

GST e-way bill system which was about to implement from February 1st is now going to be launched on 7th March 2018. While the Finance Minister wants to launch the E-way Bill earlier as possible, while the National Informatics Centre (NIC) wants to begin the tried and tested e-way bill from 1st April.

The GST Council is thinking to revise the return filing procedure and simplify the rules further to make easy compliance and enhance government revenues.

GST council cleared recently that whatever the cost of oil and gas manufacturers recovers from the sale of petroleum just before transferring benefits to the government which comes under the production sharing contract is not subjected to the goods and services tax.

Tax cases are much of concern in the Indian economy as more than 2 lakh tax cases are currently floating through various appellate litigations on all the levels of the judiciary.

GST was touted as a Good and Simple tax for the people. However, six months down the line traders continuously complain that the accounting and return filing cost have doubled. The GST council as well as the government claims of:

The finance ministry has assigned eight tax officers to manage and handle the Twitter handle being pushed for the solution of GST related doubts and queries.