Powerd By SAG INFOTECH
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The GST Council, in association with the government, is soon going to start releasing the rate lists for different goods under GST. This is to inform buyers about the reductions in the price of products after the implementation of GST.
According to the recent survey done by a private firm on Tuesday, it is disclosed that the history of nine years India’s factory production level fallen in July 2017, due to the implementation of Goods and Services Tax (GST).
If you aren’t getting your company-branded writing pads or pens, blame those shortage on the Goods and Services Tax (GST). For tax advisers also in-house finance teams, managing vendors that supply pens, writing pads, pencils, staplers, and printing paper-rolls has turned out to be a major challenge after the implementation of the single producer levy.
The new GST tax regime has also not exempted the individuals, software professionals and the freelancers, who dealt in exporting services and softwares. Under GST law, every individual involved in supplying any goods and service outside the country, is mandate to register self for GSTIN.
The world-renowned embroidery (Chikankari) industry of Lucknow, which employs more than five lakh people, is in a state of confusion because of the indirect tax system goods and services tax (GST) that has implemented across the country.
Goods and Services Tax (GST), biggest tax reform since Independence has been finally implemented across the country from 1st July. On one hand, Government has exempted education sector till higher secondary in the new regime while on another hand coaching classes, certification courses, training programs have been placed in the slab rate of 18 percent.
The goods and services tax has been into the economic structure of the nation from the last two weeks and now it’s time to review everything for a better control in upcoming prospects. The GST Council will be meeting today to have an overview of the goods and services and all the work done by the tax scheme.
Ever since the goods and services tax was applied throughout the market, it was open for the first time after it on Monday. But still, the traders were in the confusion related to the GST.
In a very weird situation of GST which will be implemented very soon and to be precise in 11 hours from now, there are various places in our daily life where the GST will take a complete turnover in a matter of a minute. This minute a person is paying and relieving a different tax scheme and from another minute the complete story changes, into a new one.
