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After the hustle and uproaring over the tax rates decided by the GST council in the recent time, the Central Board of Excise and Customs Chairperson Vanaja Sarna clears that the revision of any tax rate of whether good or services is solely at the discretion of GST council and no one else.

The GST is going to happen in a month time and few industries are way disappointed with the GST rate framed by the council. Few industries have come forward demanding concession in rates citing the mass use of their products. The are also seeking lower rates in comparison to other products in the segment.

The government has been trying to make every sort of channel to bridge the gap between the taxpayer and the government sources to cherish the upcoming GST in a healthy way. In this direction, the government has started a new Twitter handle for the general public to resolve any queries regarding the Goods and services tax.

The e-way bill which got much hype after its introduction may be delayed due to the draft bills and rules which are still under the discussion in GST council.

After the reduction of GST rates on marble stones and tiles, the prices of stones have declined and there is a rise in the sale of both marble stones and tiles.

The clause for anti-profiteering has emerged quite a while ago when the finance ministry first announced that any company found blocking the tax benefits to the consumers will be penalized and also various other severe measures will be taken against them.

The provisions are never ending and now the government has directed that the small vendors listed on the e-commerce giants like Flipkart and amazon will have to pay a GST in advance under the goods and services tax scheme when they get their payments even if they fall into the exempted series.

Industry chamber Assocham mentioned that the progress in the implementation of a tax system across the country through the Goods and Services Tax (GST) will be the biggest achievement of the Modi Government. According to Assocham, the other achievements that the NDA government has achieved during the three-year tenure included in the economic area assimilating public inclusion on a financial scale, digitisation and infrastructures like railway and power distribution.

Goods and Services Tax (GST) can bring huge discounts before its introduction impelling the mobile manufacturers and retailers to remove their old stock from July 1. With the introduction of GST, the price of mobile handsets can be increased due to tax factors. It is speculated that some handset brands can offer discounts on both online and offline basis along with retailers who would cut some of the prices.