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It has been more than four months after GST rollout and now it seems that revenue loss chances have reduced. Data collected from GST Council shows that States are continuously enhancing GST collection by the remission of last due dates, a release of late payment charges for some time, and efforts of the government to attract towards compliance.
The GST has created the confusion between publishers and authors and the question is that who is liable to pay 12% of Goods and Services Tax (GST) on royalties.
As per the tax experts review on GST implementation, the old-issue of transfer pricing can tremble the system in coming future.
The conventional ways of maintaining the paperwork have fled away. Now, every HR department needs to be smart with payroll software. There are so many disadvantages of paperwork which is superseded by the advantages of going paperless business via Gen payroll software. But, believing that using payroll will completely diminish the usage of paperwork is […]
We have already discussed the GST Impact over Handicraft industries that, how adversely it impacted the handmade products. Now, this article is about GST impact on carpet industry.
PM Narendra Modi, while addressing at the 2-day event of ‘Rajswa Gyan Sangam’ focused on GST issues and encouraged the system to provide a strong IT system who can free the taxmen from hurdles they are facing now in uploading the details.
The GSTR-7 is the GST return form for filing the returns for the tax deducted at source. The form is to be filed by 10th of the next month for a particular tax period, by all the eligible taxpayers who deduct tax at source.
GST has changed the ways the system used to go as after the implementation of GST, some bad and good changes can be seen in the Indian economy.
In his recent statement to the media, Bijay Kumar, Chief Commissioner of GST, Central Excise and Customs, Kolkata Zone, believes that the recently implemented Goods and Services Tax would bring down the costs of goods, in addition to bringing in transparency to the tax system.
