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National data secrecy will be very much on the verge of disclosure if the much populated GSTN would be given to private players in the market. BJP Rajya Sabha MP Subramanian Swamy has objected the very same matter for the concern of all the taxation data being provided to the private organization who will create the vast network of GST in the upcoming time frame.
Section 7 of Modal Law GST, The charging section provides that all intrastate supply would be liable to GST, Rate of Taxes, Manner and collection of Tax and the Person who are liable to pay such Tax.
A lot of tax officials are feeling offended while the GST is in coverage right now on every channel and news media, as the 2.36 lakh officers and employees working with commercial and sales tax departments of various states will work on Sunday to press for their demand of having a fair share in the administration of taxes.
The centre and its financial department are gearing up for the upcoming GST regime and some of the first reformations are being taken into the SEZ Zone acts. Banikinkar Pattanayak, a government official said that The government will soon tweak certain fiscal provisions of the special economic zones (SEZ) Act, as it gears up to introduce the goods and services tax (GST) regime in the country.
Cellular Operators Association of India (COAI) has been standing in the queue of the exemption plea with the government as the mentioned union is asking to exempt all the coupon seller from the GST web while the industry is demanding a 12 percent tax rate. The association has various telecom giants under its presentation like […]
The government has finally taken three bills namely The Central Goods and Service Tax Bill, the Integrated GST and GST (Compensation for Loss of Revenue) to the parliament for the consideration and passage in winter sessions upcoming from next week.
The mutual funds are a great source of funding towards a particular commodity and with the effect of GST, it has soared a price upon itself a bit more.
GST ahead upon its arrival demanding various industries to be vigilant in their case as in latest scenario, All India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V stated that, We are now gearing up for GST and have proposed that the GST rate for the gems and jewellery sector should be 1.25 per cent if the government expects the industry to be compliant and organised.
Enrollment has been started from 8th November for all the states and the last date for GST registration will be running until 31st March 2017.
