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The EPCH (Export Promotion Council for Handicrafts) showed its concern regarding the upcoming taxation regime and conducted a meeting with their association’s officials and exporters fraternity to discuss the meaningful factors implied after GST roll out.
The government has a big challenge ahead as the much awaited GST regime has an urgent demand of taxation rate on which it will run the taxation network in the nation. In this hustle of preparing a broad taxation scheme the government has to make an estimation of its annual statement of accounts and not the exact corresponding figures.
GST Helpline is a user-friendly mobile application, designed and developed by SAG Infotech PVT LTD. The mobile app has been developed keeping in mind the foundation of Goods and services tax in India. The GST law India is likely to be implemented after April 2017. Several government agencies and sectors are engaging themselves in the preparation of the GST regime. This indirect tax reform shall change the transaction of different taxes between states and central government of India.
The government sources revealed that the West Bengal Assembly will be discussing the GST Bill around the first week of November. Previously, the assembly planned a two-day special session on August 26 and also proposed to rename West Bengal as Bengal, which was agreed by the members and passed later on. But, the GST bill ratification remained pending in the Assembly.
Automobile industry body Society of Indian Automobile Manufacturers (SIAM) has suggested the government to prefer a standard GST (Goods and Services Tax) rate on small cars.
States have started preparing for the GST regime ensuring proper training to officials working in the department. Now, they need some tax consultants who will advise them on the working of the goods and services tax (GST) law.
Reserve Bank of India, a high commission emblem in Banking fraternity is very much sure that the GST pre-decided rate will be coming to a good position while sticking to 18 percent which will be no harm to the CPI inflation charts too.
GST structure will need a good number of expert officials and trained staff which can keep the taxation in flow, and in this same direction the state commercial tax department is building a team of experts which can further guide and make ready those officials who would be dealing with the core aspects of Goods and Service Tax regime expected to roll out on April 1, 2017.
The expert belief has suggested that Goods and Service Tax will bring some competitiveness into the MSMEs Arena. The Micro Small Medium Enterprise as of now scattered into organized and unorganized sector but both of them will come into an active position to meet the rumble. The said gesture was made by experts at manufacturing conclave which was held by Confederation of Indian Industries (CII) on Tuesday.
