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Chief financial officers of MNCs are now betting on the positive side of the goods and services tax as almost 77 per cent of the CFOs accept that the GST is worth for implementation.
A relaxation on Goods and Services Tax (GST) for making payments via digital mode has been proposed by the government recently, however, the states are opposing this decision, saying it is a discrimination especially for those users who are not using digital modes of payment.
On Tuesday, The Finance Secretary Hasmukh Adhia assured that the GST is now way past its troubled teething stage. Just a month ahead of its 1st anniversary, GST has now entered a smooth phase with increased tax compliance.
The Fiscal Year 2018 recorded a 7.2% decline in securitization volumes. While there are many reasons for a decline, increase in PSLC volumes by banks and GST ambiguities are the major reason for the decline.
The multi-level pay parking project, the foundation of which was laid in September 2015 by the Margao Municipal Council’s (MMC), is still on hold owing to various GST issues. The major issue is of the calculation of the right GST amount for the project.
With the GST implementation in July 2017, it was predicted that the manufacturing states might face the revenue loss but producer states such as Uttar Pradesh and Bihar would generate a hike in revenue collection.
The GSTN that powers India’s new destination based indirect tax, The GST, was never supposed to be a mere online portal for Tax Collection.
GST E Way Bill notifications are well around the internet as there are scheduled phases in which it is to be rolled out across the nation.
It seems that Gujaratis Tourism is now back on the track after the major changes in the government policies due to demonetization effect and GST implementation throughout the country.
