The falling GST revenue collections will be hard to contemplate for the finance minister in order to reduce down the fiscal deficit target of 3.3 percent this year.
Powerd By SAG INFOTECH
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The falling GST revenue collections will be hard to contemplate for the finance minister in order to reduce down the fiscal deficit target of 3.3 percent this year.
The Bihar Deputy Chief Minister and GST Network GoM panel head Sushil Kumar Modi hinted towards the abolishment of the highest GST rate in the slab i.e. 28% as soon as possible.
The cab based startup has come up in open and filed an appeal to question the rule of GST law in which it is mentioned that all the cab operators have to pay GST on the fares collected by the drivers or cab owners.
Gujarat high court has given some relief to the exporters who have been charged for illegally availing tax exemptions as the court has told the anti-smuggling intelligence agency to behold their action against them.
As every Indian taxpayer knows about official GST return filing GSTN portal. The portal is used for filing GSTR forms 1-9 along with the tax payments.
MakeMyTrip, Yatra, and Cleartrip are in great confusion over the newly implemented TCS provision coming under the Goods and Services tax regime. The e-commerce companies are set to deduct the TCS under the TCS provision except for the agents.
In the last GST council meeting, Maharashtra brings 31 reforms within the state GST structure in order to ease out the business conduct, as according to the state finance minister officer.
E way bill now demands another compliance mandatorily to be followed as the GST network has made it compulsory to include the PIN code of the place where the consignment is to be loaded or unloaded.
Another blow from the goods and services tax might come soon and this time on the digital banking transfers. A lot of private banks have decided to discontinue the domestic money deposit services from their (BC) banking correspondents.