Powerd By SAG INFOTECH
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Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.
Businessmen and traders have to revisit and aligned their return filing system before 1st April. As the government who has delayed the penalty on GST return filing, it will end in April.
The Indirect Tax Department stated that electricity meters will attract goods and service tax (GST). This was also confirmed by the Central Board of Excise and Customs (CBEC). Electricity does not come under GST but the rent on electricity meter is not exempted from GST.
The Directorate General of Safeguards (DGS) recently asked Hindustan Unilever about clarifications regarding the methodology used by the company in reaching Rs 119 crore to the government after it was not able to pass the GST benefits to customers.
The government of India is busy tackling the GST woes and has ended up losing a lot of road kilometres this year.
In a recent crackdown on the central government, the supreme court has seen a rise in cases where the central government is one of the parties involved in the case.
The government has released the directives suggesting that after GST implementation, the business which is away from Investment promotion assistance will get relief in all kind of matters from next budget session. Further, the business has got an extension until next year to compensate the problems faced by businesses.
The GSTN chairman Ajay Bhushan Pandey stated and assured the trader’s community that the GST eway bill will not be implemented until the partner’s community does not approve its working stability.
As of now the Indian public is not sure of the future benefits of GST and have considered it to be disruptive for the business community in the recent polls conducted.
