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Now the travel agents who are into the online ticketing business and providing other services on the E-Commerce portals are considered as E-Commerce operators by the CBEC. The GST Council and the Central Board of Excise and Customs decided that the travel agents will have to deduct 1% tax collected at source (TCS) from the customers and will have to deposit it with the tax department.
The tax returns of GST, Goods and service tax is open for filing from today itself by GSTR 3B form. The CEO of GSTN network Mr Naveen Kumar states that the facility of filing the taxes of GST for taxpayers for the first return will be open till 20th August starting from today that is 5th of August.
Nitin Gadkari, Road Minister has written a letter to Union Finance Minister Arun Jaitley to review the higher taxation rates on alternative fuels such as biodiesel and ethanol, in the light of new regime.
It has almost been one month since GST was implemented in India, but many traders and companies continue to find it difficult to business in the post-GST regime. Many traders are still confused over the multiple rates of GST taxes.
India’s Largest Automobile Manufacturer Maruti Suzuki on Thursday has announced that the company has earned a net profit of Rs 1,556.4 crore as increased by 4.4% in the first quarter April- June.
The finance ministry is planning to set up an Anti-Profiteering Body to deal with fraud price hikes and to clear confusion over the new GST prices of goods and services.
The Telecom Industry will look into the matter of 18 percent GST rates on the duties of mobile phones. If consumers and companies are facing problems with the new taxation rates, Telecom industry can consult with Finance Minister Arun Jaitley.
Tax department recently mentioned that after the implementation of GST, there can be a huge game of corruption which is underlying in the shell companies being registered for many years.
For monitoring the progress of new indirect tax regime, Cabinet Secretary PK Sinha has written a letter to secretaries of all ministers to make a weekly report of all complaints including business entities still not registered or switched in the new regime, complaints of traders, rise in prices in the new regime, software glitches and […]
