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The GST council chairperson and the union finance minister of India Arun Jaitley indicated that the goods and services tax has got on the track very well
Security goods which are imported for Special Protection Group (SPG) who guards the Prime Minister has not been exempted from GST making a weird situation for the ministry.
FMCG Company Hindustan Unilever (HUL) stated that it will be soon to say that due to the implementation of Goods and Services Tax, the unorganized sector is at the risk of losing all the business.
After a lower collection of GST, the collections have now picked up the pace in the month of December, accounting to Rs 86,703 crore.
In the upcoming 7 days, there will be a great rush for GST return filing as there are multiple GSTR forms due for filing.
Recently the 25th GST council meeting took some better decisions regarding the issues struck regarding various industry of India. Now there is some good news for the home buyers as the government has decided lesser GST on the home which is purchased under the Credit-Linked Subsidy Scheme (CLSS).
In a major shift from VAT to GST, India has supported the new indirect tax regime from the core of its heart and its capabilities. Almost all the traders and taxpayers have tried to comply with the newly incorporated tax scheme and have done whatever the new law has demanded from them.
The increase in domestic tourism, the number of foreign visitors and passengers travelling through airlines is a clear indication that 2018 will be a year of increased revenue and profit margins for the hospitality industry of India.
In a trial run by GSTN (Goods and Services Tax Network), it is noticed down that around 2 lakh GST e-way bills daily generated as suggested by GSTN CEO in a report.
