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The Goods and Services Tax (GST) which was rolled out on 1 July 2017 is a consumption tax which is charged on the supply of goods and services in India. The collection under GST is not able to touch the targets and are falling short of it.
Despite taking all the pains to successfully implement GST in the Country, it looks like the increasing difficulties in the path of its implementation and the doubled complexity of the process has now started discouraging the Council as well as the Government.
The Trade and Industry community are expected to face problems in terms of Annual Filings under the goods and services tax (GST) regime in the upcoming months.
The garment traders of Surat in Gujarat are fighting for their survival. While textile and diamond industries have reduced the consumption of goods, unemployment at grass root levels has been a matter of serious concern for more than a year now.
The number of petitions being filed against the various clauses of the earlier launched goods and services tax (GST) system in the different courts is only increasing with each day.
In response to a plea filed by KTC (India), a travel & tour’s operator, against the Special Audit notice of GST, the Delhi High Court has recently issued a notice asking Centre to declare Rule 5A of the Service Tax Rules, 1994 as unconstitutional and inoperative.
GST ALL INDIA IMPORTANT LINKS 1. All website related to GST GST Portal http://www.gst.gov.in/ GSTN Portal http://www.gstn.org/ Central Board of Excise and Customs http://www.cbec.gov.in/ GST E-way Bill https://ewaybill.nic.in/ 2. Government of India websites Ministry of Finance http://www.finmin.nic.in/ Ministry of Commerce http://commerce.nic.in/ Central Board of Direct Taxes http://www.cbec.gov.in/cae1-english.htm Central Board of Excise & Customs http://www.cbec.gov.in/cae1-english.htm Service […]
In a recent hit on the GST return filing applicability, the Delhi high court admitted a petition seeking review over the GSTR 3B return which is not an addition to the already introduced GSTR 3 returns.
The lenient non-filers and nil filers of GST returns will have a one-time amnesty scheme from the government to deregister the GST (Goods and Services Tax) Council.
