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Dimapur-based Pinnacle Skills training institute has launched Goods & Services Tax (GST) accounts assistant course at a launch event organized at Westcity conference hall, DC court junction, Dimapur, on March 16.
A few days back, the government brought up the three new GST Returns namely – Normal, Sahaj & Sugam Forms. Now news has surfaced that simpler GST rules & regulations along with the new returns are making the GST compliance easier due to which the taxpayers are expected to file their taxes by themselves which is affecting the business of the tax consultants.
Confusions were prevailing in the Food industry and baseless inceptions were being drawn regarding the Sweet shops, as should be considered amongst the dine-out eatery or not. It is the GST Council which had to finally plunge in this scene and the GST Appellate brought the clear picture.
The government introduced the new GST return SAHAJ form (GST RET-2) for taxpayers with certain conditions. This certain points will be applicable to the taxpayers having turnover up to 5 crores and is optional for them to file.
As a result of the recent GST tax reduction, the Starbucks was expected to make relevant cost reduction on its products and supplies, but reflecting fishy, the Tax authorities have questioned about the Brand’s prices and has issued two sets of letters asking about the data to get close to the exact position.
The GST authorities noticed that the decrease in the GST rates has not extended any significant advantages from the traders of fast moving consumer goods (FMCG) and pharmaceuticals to consumers
Recently the government had released the three new GST return forms with the name Normal (RET-1), Sahaj (RET-2), Sugam (RET-3) for the taxpayers across the country.
The Election Commission has shown a green light for conducting the 34th GST council meeting on March 19 to confer multiple issues via video conferencing.
The Hyderabad Central GST intelligence wing encountered eight companies which are exhibiting bogus invoices without an actual supply of TMT bars and other products, In the raid conducted by GST department on iron and steel industries in the State.
