The government has directed the E-commerce companies to start collecting up to 1 percent TCS in the course of making any payment to suppliers under GST.
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The government has directed the E-commerce companies to start collecting up to 1 percent TCS in the course of making any payment to suppliers under GST.
GST and lack of input credit followed by some other factors have affected the profitability of inbound tourism this year as compared to last year when a record 10 million inbound tourists were reported visiting India.
GST amendment was done by the Government in the recent past and now in order to make the benefits reach to the Business class, has got the amendment notified.
After the decision of introducing and full implementation of GST in India for the Businesses, however big or small, near about 1,800 businesses which were earlier registered under VAT and service tax regime have taken initiative and have applied for their migration to the GST system in the latest migration window.
In a move to deregister dormant GST assessees, the Central Board of Indirect Taxes and Customs (CBIC) field officers have been assigned with the task to issue show-cause notices and complete the formalities at the earliest.
While speaking at the Global Cruise Conclave on Thursday in Mumbai, Union Minister for Transport and Shipping Nitin Gadkari assured that the matter to reduce GST rate on cruise tourism will be discussed in the upcoming GST Council meeting.
As the GST collection is not as per the government prospect, revenue secretary Hasmukh Adhia is working towards ways to enhance the tax influx.
The Orissa High Court has instructed tax authorities not to take any substantial action against importers on the issue of advance authorization licenses for GST.
Over the past months, many businesses in the country have received GST notices. There are around 34% mismatches or less GST payment, concluding the deficit to Rs. 34,400 crores.