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The National Anti-Profiteering Authority doesn’t want to involve on rate cut tactics of sellers. It just wants that the benefits of a rate reduction in Goods and Services Tax should reach the end users.
It is very sad to know that the great man and prestigious politician of modern times in India, Mr Atal Bihari Vajpayee has done with the life and left its complete comrade of the political family behind.
In a bid to leverage all the benefits of the goods & services tax (GST) system and to make the holding structure easier, major registered companies like Hindustan Lever, Hindustan foods and Lux Industries have started merging their unlisted businesses within them.
Due to continuous GST framework discrepancies, the government’s decision to reduce rates to 8% from 12% for the affordable housing projects seems not appropriate for apartment purchasers.
The Government has clarified that necessary items part of baby bags will be levied 18% GST. This comes after a few manufacturers had sought to pass wet baby wipes under a different GST code as non-woven textile material.
The anti-profiteering authority of the goods & services tax (GST) is closely inspecting the top manufacturers of sanitary pads including Johnson & Johnson (J&J) and Procter & Gamble (P&G) to see whether they are passing on the GST price reduction benefits to the buyers/consumers of sanitary napkins or not.
A recent order from the Karnataka Authority of Advance Rulings says that services rendered within a company by one office to another which is located in a different state will attract GST.
The Indian government has provided a search tool for finding out the business details by the means of GST number to bring transparency between shopkeeper and customers. People must use this tool while GST number search to find out the registration type of business.
The Central Board of Indirect Taxes and Customs (CBIC) has today issued a notification revealing the due dates for the filing of GST returns for the period of FY 2018-19 (between July 2018 to March 2019).
