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The telecom sector has witnessed one of its worst financial years amidst the disrupting tariff wars. The tariff war was sparked by the entry of Jio which offered affordable data plans with free voice and SMS services to its customers.
The GST has triggered a new demand for accounting software in the country. The people associated with this industry say that with the help of accounting software, enterprises are able to manage all GST compliance with ease.
The Special Task Force (STF) of the Commercial Taxes Department has identified GST loot amounting to Rs 1.5 billion (150 crores).
In a move that promises landscape changes to India’s logistics landscape, the revenue department plans to integrate e-way bill with DMICDC’s Logistics Data Bank (LDB) services and NHAI’s FASTag mechanism.
The performance audit of GST (Goods and Services Tax) has been conducted by the Comptroller and Auditor General (CAG) and will mostly complete its report as soon as possible.
A big relief to GST assessees particularly for the dealers, as Kerala High Court has recently announced that the petitioners now can make changes if the GST mistakenly paid under the wrong head.
GST E waybill has been introduced for all the transporters and businesses and has been doing well since its applicability. Here we will try to denote some of the basic frequently asked questions by the traders and taxpaying entities:
Minister of State for Chemicals and Fertilisers Mandaviya said that after GST, many medicines have been approved due to which there is a huge growth in the number of medicines i.e. of 6 percent to Rs 1,31,312 crore till May 31 on the year-on-year basis.
Finally, the prime minister takes the step into the long pending GST refund issues of the exporters as the PMO organized a meeting with Mr. Narendra Modi to listen all the related grievances summoning the CBIC.
