In a statement released, the Bombay High Court has instructed the Maharashtra government and the Centre to provide solutions to the GST related issues of the citizens by April 24, 2018.
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In a statement released, the Bombay High Court has instructed the Maharashtra government and the Centre to provide solutions to the GST related issues of the citizens by April 24, 2018.
In the Lok Sabha, a written question has been asked about the impact of GST and Demonetization on employment opportunities, while the Labour Bureau data clearly indicated that the employment possibilities fell down after the two important decision taken by the government,
Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.
Gst council meeting is scheduled on Saturday to have to the discussion over the two important topics- the successful implementation of the e-way bill and the lower collection of goods and service tax(GST) under the composite scheme.
Businessmen and traders have to revisit and aligned their return filing system before 1st April. As the government who has delayed the penalty on GST return filing, it will end in April.
Recently, Indirect Tax Department has published a circular that 18 percent Goods and Service tax (GST) will be imposed on the certificates issued for excess priority lending by banks, that would increase the lender’s cost as they are not fully eligible for complete input credit tax yet.
Application protest shape documenting against the Companies who are not passing the tax benefits to the clients, is expected to be simplified.
The Indirect Tax Department stated that electricity meters will attract goods and service tax (GST). This was also confirmed by the Central Board of Excise and Customs (CBEC). Electricity does not come under GST but the rent on electricity meter is not exempted from GST.
With the implementation of GST, the senior citizens or elderly population of the country are facing additional burden, who is disabled due to advancing age or any other problem and are living in retirement community centres.