The multinational companies have cleared the reason for not passing the GST benefits to the consumers and the reason itself is not eligible for any approval.
Powerd By SAG INFOTECH
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The multinational companies have cleared the reason for not passing the GST benefits to the consumers and the reason itself is not eligible for any approval.
In a recent uncovering of GST evasion, the noted Ramdev’s Patanjali Ayurved is under the scanner for not letting the GST rate reduction benefits to the consumers across the country.
The goods and services tax is a groundbreaking indirect tax regime appeared in the history of Indian economy and politics.
Many small and medium scale companies were panic-struck upon receiving notices from the Indirect Direct Tax Department.
The GSTR 9 is an annual return form to be filed by the taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the year.
The group of ministers under the Bihar deputy chief minister Sushil Kumar Modi led ministerial panel will be looking into incentivising the digital payments under goods and services tax on May 11.
One very important outcome of the 27th GST Meeting was the Government’s decision to take complete ownership of the GSTN Network.
Electronic Bill or the e-way bill will come into effect from April 1, 2018. E-way bill is an important step towards India’s dream of becoming a digitally driven Tax Economy.
Hence, traders and business owners are now setting aside funds to cover risks and ensure frictionless business operations which in all probability may be hampered by the freezing of their input tax credits.