Even after 10 months of goods and services tax implementation, the officials are not able to provide the exact data by which one can differentiate between the tax revenues coming from different sources and particular goods and services.
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Even after 10 months of goods and services tax implementation, the officials are not able to provide the exact data by which one can differentiate between the tax revenues coming from different sources and particular goods and services.
GST Intrastate eway bill is compulsory from 3rd June 2018 across India as according to the decision taken by the central government in a bid to roll out the much awaited eway bill provision as soon as possible.
Compliance under GST, the One Nation One Tax, has been on an upward trend. This is cemented by the fact that composition-scheme dealers reporting average annual revenue of Rs 20 lakh increased by two times in the last quarter of FY 2017-18.
AAR or the Authority for Advance Rulings has stated that liquidated damages will attract GST. With this, the GST is now a tax for non-performance too.
In a recent announcement by the government of India, it has simplified the process of GST registration along with electricity connection and name patent.
GSTR 10 is a final return form which is furnished by the taxable person whose GST registration is annulled or surrendered.
The central government had mandated the GST E Way Bill in 3 union territories including Chandigarh, Dadra and Nagar Haveli, Daman and Diu.
Malaysia is thinking to discard the goods and services tax (GST) in the country. It has been three years of GST roll out in Malaysia and it is advisable for India to move deliberately in the upcoming years as India also needs to stabilize the new indirect tax regime rolled out in July 2017.
Goods and services tax was applicable in India from 1st of July 2017 while there are other provisions including GST E Way Bill which was recently applicable from 1st April 2018 across the nation.