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Get to know about the changes made in the ITC (Input Tax Credit) eligibility under GST (Goods and Services Tax) which came into effect on 1 February 2019.
GST – one country one tax has brought uniformity in the taxation system which led to the decrement in U.P.’s total GST revenue shortfall from 20% of last year from July to march
The logistics sector plays a very important role in the growth of a nation and economy. After the implementation of the GST (Goods and Services Tax), the logistics sector of India saw a great growth of $194 billion and it is estimated that, within two years, there will be an increment of $21 billion
The suggested GST rate cut on the under-construction houses from 12% to 5% without availing the input tax credit has been appreciated by the developers who think it will boost the demand of the real estate industry.
Maharashtra State officers endorsed a proposal that looks for the resolution of all the taxation-related discords and disputes pending prior to the Goods and Services Tax(GST) era.
Refunds of many importers have got cemented due to the fact that refunds are not subject to the self-assessment of the transactions, as explained by the income tax department while declining the reimbursement.
Tax department officers want to take GST from subsidiaries for using the logo and trademark of their parent companies.
Students who are interested to get detailed knowledge or admission in the GST regime, now they will be getting a good opportunity to take admission GST’s online course.
The Confederations of All India Traders ((CAIT) head of organization traders wrote a letter to the Union Finance Minister Arun Jaitley wherein the traders have demanded the three GST slab rates instead of levying GST at five different slab rates.
