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GST Network has informed the exporters about the refund filing mechanism and allowed them to furnish details on common GST portal in table 6A of GSTR-1 return form.
Amway, an MLM company, demanded the reduction in GST rate on Food Supplements urging the government that the preventives to the health problems should also be considered as important as medicines.
According to the survey organized by Nikkei Purchasing Managers’ Index (PMI), a private firm reported that the manufacturing activity fell down in the month of October but the companies hired a large number of workers to provide greater services to the users in respect of outstanding business.
All retail chains and shopping malls are preparing for a Mega Sale around the year-end and the reason is well-known disruption caused by GST.
The government is continuously working upon to make the GST filing process easier so that the taxpayers don’t face any difficulties in filing returns at GSTN portal.
Bimal Jalan, former RBI governor, has advised that the GST council needs to transfer the authority from the centre to local governments because preferences of states are diverse according to the poor and rich status.
The economy has slowed down due to demonetization and GST implementation. The impacts can be seen on the business of many companies, but, it didn’t affect the market of khadi.
The Central Government has released fund amounting Rs 8,698 crore to the states as compensation, after the implementation of the indirect taxation system.
The Group of Ministers (GoM) Committee has suggested some changes to make the composition scheme more attractive and by lowering taxes with a flat 1% tax on restaurants.
