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The GST was introduced to boost tax revenue in India. But the first year of GST has been so far a mixed bag in terms of tax revenue. 31 out of the 34 Indian States/UT’s have reported revenue shortfall.
The E-Way Bill introduced under the GST has been a great success and the data proves it. Since inception on April 1, 2018, the total number of E-Way Bills generated sums up to 9 crores 42 lakhs.
A recent report by the French Tech Firm claims a significant increase of 20 percent in the number of Lakhpatis in India over last year.
Around 70% of the total 1.1 crores registered businesses have been filing regular returns within the deadline, confirmed GSTN CEO Prakash Kumar.
GST is about to get a year old. And post discussions and reviews, the Central Government is set to introduce a total of 35 amendments.
In response to the Finance Secretary Hasmukh Adhia’s written concern over the poor performance of the central tax officials when compared to their state tax counterparts
Online food delivery service providers are in hard situations as the decision of withdrawal of input tax credit provision from the restaurants had become an extra burden on both the eatery and service provider.
The GST Council committee has announced all the decisions taken in the 28th GST council meeting which are very significant issues of the GST.
Recently the GST E Way Bill was made mandatory in the national capital of India i.e. Delhi for the intrastate movement of goods for complete B2B transactions valuing more than 1 lakh starting from 16th June 2018.
