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Maharashtra Finance Minister Sudhir Mungantiwar showed his concern about the implementation of the GST in the state and assured that the government would take care of no revenue-loss after the application of GST.
Talking about the levy of excise duty, the Finance Ministry said on Monday that there is no legal infirmity in the notifications issued by the government in context to the GST Constitution Amendment Act.
Prime Minister Narendra Modi has reviewed the recent work done on the implementation of GST in order to meet the proposed deadline April 1, 2017, and asked departments and ministries to take necessary steps for achieving the deadline on time.
India is getting a worldwide recognition in the name of teamwork that the GST showed across all the political parties working together to make this tax reform a success. As of now, there is a smooth flow of processing and implications regarding the GST and its structural framework to ensure hassle free operation when it will finally get rolled out in the nation’s taxation web. The Union cabinet has also formed the GST council that will take care of the further proceeding over the GST.
The implementation of GST in the country creates a menace in the cement industry. GST council decided on a heavy tax rate on the cement industry of 28 per cent which seems to overburden the sector with already prevailing tax entities and developing areas in the urbanization. Prominent cement manufacturers, such as Ultratech, JK Cement, […]
GST has become a major tax reform ever in the history of India. It has been in the news almost every corner of political houses and now it’s the turn for small and medium enterprises to join the commune soon.
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 […]
India’s web of telecom industries is world’s second largest wireless market, which includes over a billion of active users. The scales shown by them shows their efforts to become one of the biggest success stories of the country. Work done by these firms literally have revolutionized the lives
BJP MP Subramanian Swamy said that it is quite impossible to implement the GST completely and value its functionality in a proper manner unless the private companies get replaced with the state-owned companies in the GST network. This will work as a backbone to the new indirect tax regime.
