Arvind Subramanian, the Chief Economic Advisor to the Government of India, asserted the need for clear protocols for GST data sharing by government departments.
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Arvind Subramanian, the Chief Economic Advisor to the Government of India, asserted the need for clear protocols for GST data sharing by government departments.
In a welcome move by India’s Insurance sector regulator, the IRDAI, a total of 24 schemes due for reinsurance were exempted from the ambit of the GST.
The current financial year is in its last week.This fiscal year witnessed a complete overhaul of the previous taxation policy.
The government seems to increase its efforts towards the consumers who are still wondering about the benefits of goods and services tax.
In a setback to those firms resting in the northeast, the government has cleared that there will be no tax exemptions for the hilly states and northeastern regions under GST.
Prime minister’s financial advisor Bibek Debroy stated that goods and services tax would take at least 10 years to become normal and manageable.
In a report released after the analysis of the indirect tax systems implemented by 115 countries, the World Bank has declared that the GST system is one of the most complex indirect tax structures with the second highest tax rate in the world.
From ages, we know different planning concept to save the income tax, but now what about the new tax regime-GST ( goods and service tax). How inflow of trade out the firm can be expanded, how might I build my advantages and diminishing liabilities towards GST division?
The Union Government launched the biodegradable sanitary napkins ‘Suvidha’ to mark the 2018 International Women’s Day.