It has been almost eight months since the Goods and Services Tax (GST) was launched in India and it is still going through changes. GST is far from a stable state.
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It has been almost eight months since the Goods and Services Tax (GST) was launched in India and it is still going through changes. GST is far from a stable state.
The government is taking every effort under its strength to tackle down the uncertainties of goods and services tax. The finance minister Hasmukh Adhia recently stated that the government is going through all the technological advancements and scrutiny to ensure that goods and services tax becomes totally foolproof against any of the tax evasion chances or unprecedented situations.
The government of India is busy tackling the GST woes and has ended up losing a lot of road kilometres this year.
At a recently held meeting of a group of a minister (GoM) which was created to resolve the issues and implement the goods and services tax in a better manner recommended some suggestion for the eway bill under GST.
In a recent crackdown on the central government, the supreme court has seen a rise in cases where the central government is one of the parties involved in the case.
Due to the shortage of money, it is anticipated that the Punjab government will not pay the salary of their employees on time for the second consecutive month until the Central government pays the share of Goods and Services Tax to the state.
The government sources have said, to make the tax filing simpler for businessmen, the return filing may be changed from monthly to quarterly. They also said that the requirement for filing three GST returns will likely to be taken down to one.
Now goods and service tax (GST) has brought a new problem for the service provider dealers, the problem is their complaints are not going to Central GST department or to the State GST department.
After the beginning of new tax regime- goods and services tax (GST), Gujarat government has said, the main reason of the revenue growth is stamp duty, electricity duty and vehicle tax as these taxes will help the Gujarat government to collect 18.5 percent more tax revenues in 2017-18.