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In a tackling situation for the members of the Jalandhar-based rubber goods industry, they are thinking of approaching the GST (Goods and Services Tax) council as they are not getting a GST refund.
The Good and Services tax Council (GST), the Finance Ministry and the Commerce Ministry have received the notification from the Punjab and Haryana High Court to stop providing the benefits of advance authorization scheme to exporters under the Goods and Services Tax (GST) reform.
There is a bad news for the 655 traders of Raigarh district as their GST (Goods and Services Tax) registration has been canceled as they have not submitted their details in GSTR 3B form for the last six months.
The export of cardamom from Bhutan to India has been paused because of the issues in Indian official formalities which leads to the large-scale unlawful cross-border trade. And to come out of this problem, Bhutan pleaded India to remove the GST from the popular spice.
Tax officials and businesses are preparing for filing GSTs first annual return and have expressed their nervousness about the change in the current format and if it is not done then the entire year’s records have to be re-created.
After the Independence, GST (Goods and Services Tax) has been addressed as the biggest tax change in India. GST is the tax on value-added goods and services and it is one of the main advantages of GST. ITC (Input Tax Credits) is the tax deduction on inputs.
Penal Interests can be excruciatingly painful. Not only do they increase the burden on the borrower, but they can also trigger a host of secondary financial burdens on an individual/family.
Demonetisation was a bold move in a predominantly cash dependent Indian Economy. But a recent report on the effects of demonetization to a parliamentary committee by the Union Agriculture Minister will put to rest all claims made by the current government regarding the success of the move.
As per the data provided by the Goods and services tax network, it was revealed the most GST e-way bill generating states of India in the month of November.
