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Clarity regarding GST & ITC is much required by any Company and industry, Big or small, as it touches the Economy part of the Businesses. GST Council has constantly endeavoured to make the process crystal clear and gave proper clarification regarding any discrepancy.

Dimapur-based Pinnacle Skills training institute has launched Goods & Services Tax (GST) accounts assistant course at a launch event organized at Westcity conference hall, DC court junction, Dimapur, on March 16.

A few days back, the government brought up the three new GST Returns namely – Normal, Sahaj & Sugam Forms. Now news has surfaced that simpler GST rules & regulations along with the new returns are making the GST compliance easier due to which the taxpayers are expected to file their taxes by themselves which is affecting the business of the tax consultants.

Confusions were prevailing in the Food industry and baseless inceptions were being drawn regarding the Sweet shops, as should be considered amongst the dine-out eatery or not. It is the GST Council which had to finally plunge in this scene and the GST Appellate brought the clear picture.

As a result of the recent GST tax reduction, the Starbucks was expected to make relevant cost reduction on its products and supplies, but reflecting fishy, the Tax authorities have questioned about the Brand’s prices and has issued two sets of letters asking about the data to get close to the exact position.

The GST authorities noticed that the decrease in the GST rates has not extended any significant advantages from the traders of fast moving consumer goods (FMCG) and pharmaceuticals to consumers