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Goods and Services Tax is makings its way to hawala transactions because businesses are claiming ITC that are not able to be matched with the invoices, said West Bengal Finance Minister Amit Mitra.
Strict actions will be taken against the 1,300 dealers who did not pay the GST from starting, i.e. July 2017, by the Jammu and Kashmir state tax department.
A major point of discussion on Times Network’s annual flagship event — India Economic Conclave 2018 was PM Narendra Modi’s flagship the ‘Ayushman Bharat Scheme’. Akrita Reyar, Chief Editor (Digital), Times Network caught up with Apollo Hospitals MD Suneeta Reddy at the event to know the laters take at the health insurance scheme and also the future needs of India’s abysmal healthcare sector.
The tax officers will go and search for the businesses or companies who have been registered under the GST (Goods and Services Tax) but later disappeared and did not file the returns or paid any taxes.
After the Independence, GST (Goods and Services Tax) has been addressed as the biggest tax change in India. GST is the tax on value-added goods and services and it is one of the main advantages of GST. ITC (Input Tax Credits) is the tax deduction on inputs.
Penal Interests can be excruciatingly painful. Not only do they increase the burden on the borrower, but they can also trigger a host of secondary financial burdens on an individual/family.
In December 2018, there will be an online exam for confirming the enrollment of GSTPs or GST Practitioners or Goods and Services Tax Practitioners.
Ocean Freight transport is defined as the process through which merchandise goods and cargo and commodities are transported through shipways via shipping lines.
Recently the last for registration of GST practitioner exam has been extended till 15th October 2018, which was earlier 10th October. The registration for the examination was commenced from 25th September 2018.
