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As per the GST provisions, in case of goods costing more than Rs 50,000 it is necessary to register online, before moving the goods and also it is expected that the E- Way Bill Information Technology system will be hitting in the month of October, once centralised software platform is ready, said top official. E- way bill provision will be carried out after infrastructure for a smooth transition, registration and verification through mobile devices with tax authorities linked up.
The government is now embarking upon its new agenda for the improvement of economic conditions by doing a cut short in poll funding in elections.
After the implementation of the new regime, the service sector of the country improved the business conditions in the month of June. According to the survey report, Nikkei Purchasing Managers’ Index (PMI), services grow to an eight- month high of 53.1 in the month of June from 52.2 as compared to previous month.
After the rolling out of GST Regime in India, some of the industries benefited with the new regime whereas some are in trouble. The manufacturing sector is one of the most important sectors in the country, retailers and dealers are facing problems to purchase goods. Initially, they are focusing to clear their available or old stock.
Latest GST Circulars/orders from the official head office of CBEC and commissioner GST is available up to date for the notification purpose of GST India. The Goods and service tax is the biggest reform by the Indian government to tackle the complex tax rate structure that was followed until now. It has been assumed that […]
GST notification is a source for all the latest updates and notifications regarding Central, Integrated, Union Territory and their respective taxes applicable. The following latest notifications with accordance with proper laws, rules, and rates is a must for every trading and business unit and will keep the tradition in a proper managerial way. Goods and […]
Compensation Cess (Rate) 1. To notify the rates of compensation cess on supply of specified services 2. Seeks to notify Rates of goods and services tax compensation cess under Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017).
Compensation Cess 1. Seeks to appoint the 1st day of July, 2017, as the date on which all the provisions of Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017) shall come into force
After the spending, three days of Goods and Services (GST) Regime in India Cabinet Secretary PK Sinha on Monday conducted a review meeting to evaluate the stock after the implementation of new indirect taxation regime. The Cabinet Secretary has asked from all ministers and departments to give their views about the new regime.
