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GST is on the way and still, there is a lot to improve the statistics as the all of the finance ministry is looking up the best measures to fix the new tax regime in the best possible way. In this year, there is a significant event to take place which will affect many in a similar way, and that is Budget 2017 heading in February.
ASSOCHAM (Associated Chamber of Commerce and Industry of India) has asked for a 25 percent of tax in the GST implementation, while the plea was discussed with the centre and its board said
1: Go to Maharashtra Vat department site. i.e. http://www.mahavat.gov.in/Mahavat/index.jsp 2: At home page there is “e-Services” — click on “e-Returns” and create user id and password. 3: After login a new screen will open and click on “E-services”. 4: After that a list of different options will open and there click on “ GSTN enrollment […]
The inclusion of Bankruptcy Code law has taken a toll on it and now the Country Director Junaid Ahmad has confirmed that the World Bank will be including the same in their upcoming ‘Doing Business’ 2017 report along with Goods and Services Tax.
The trust issues are escalating with more data being shared with states by the center as the finance minister of West Bengal has given a discontentment sign with the data and has objected towards the center that it was manipulating the actual taxpayer base data all the time.
(As per discussions in the GST Council Meeting held on 18th May, 2017) Chapter Nil 5% 12% 18% 28% 1 (Live animals) All goods other than live horses [0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of […]
No result found! Clear search 1. Overview of Goods and Services Tax (GST) 1. What is Goods and Services Tax(GST)? It is a destination-based tax on the consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous […]
In this section, you can share your valuable views on the GST and its impact on different sectors in the country. The guest post can be anything related to the GST. So, What are you waiting for? Pen down your opinion over the GST law and its importance in the Indian economy. Kindly, fill the […]
Individuals with income exceeding more than the basic exemption limit are required to file an Income Tax return within the due date and if the person fails or misses the due date then there are certain provisions of penalty under the Income Tax Act, of 1961. The assessing officer may contact the individual through a […]
