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GST is approaching with strict tax compliance and will demand every taxpayer to follow the guidelines accordingly. There is some persistent question regarding the anonymity of unregistered dealers in the GST. Some of the questions are framed here to acknowledge the general queries regarding the transaction with the unregistered dealer.
Frank Appel, CEO, Deutsche Post DHL has been interviewed recently by an imminent newspaper firm to understand the emerging impacts of GST. Mr. Frank was open to say that the Asian countries will be ones who will grow faster than the developed countries at a consistent rate and not with a overwhelmed double-digit pace.
The Goods and Services Tax (GST) has been launched in India, and it has, as expected, affected almost every major and minor business industry in the country.
The government is leaving no stone unturned in the scenario to acquire the mighty powers which will help them to tackle the vast income grounding currently at a peak in the nation. Now the new
The upcoming GST may demand a pick over the pockets of the salaried employees as the suggestion and recent disclosure has unveiled that the goods and service tax regime may be applicable if an employee of an organization crosses its predetermined cost to company package and uses the resources of company’s assets or other personal facility being accommodated.
In a fortifying step to clear out each and every issue arising out of trade and industries in the concern for goods and service tax rolling out soon from July 1, which is just over three months from its execution, the government of India has harmoniously raised their hands to the aching community from every sector, be that from e-commerce, banking and insurance, logistics to come up with their problematic worries before the GST.
Blue Star, an air conditioning manufacturing giant has revealed that the organization has held a heavy investment of around INR 220 crores in Jammu and Kashmir as the company is in doubt over the continuation of excise duty relaxation after the roll out of goods and service tax.
Banks will confront challenges under the GST in light of changes to the place of supply standards under the GST. Section 10 of the Model GST Law makes particular taxable frames for every enrollment in each category, as these organizations will file more tax returns under this control on the grounds that branches in each state should file GST returns rather than a combination at the national level.
The government of India brought some agriculture portion under GST regime like contractual farming from which big retail chains & Quick service restaurants (QSRs) may see their impact as they provide contracts to a farmer for growing specific agricultural products which directly sold by them in malls would now attract GST.
