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In a new way to capture the business entities doing wrongful practices under the GST regime, the government is set to make a new mechanism which would enable the tax officials to raise complaints against the business unit.
People are demanding to rationalise the tax at a certain level in all the sectors. Considering the point of people, the Minister of State for Finance Shiv Pratap Shukla is planning review the tax in the educational sector as ‘Education is the most powerful weapon which one can use to change the world’.
Migration of tax data is important for taxpayers in case the taxpayer has included new software within its business unit. Migration is the transferring of tax data from one software to another with all the details. SAG Infotech offers a migration facility to the clients facilitating them to transfer all the previous data to our […]
To help the government to check the GST evasion and track the goods, the GST e-way bill system will mostly associate with the FASTag mechanism of National Highways Authority of India (NHAI) from April.
Gradually, the Revenue generated through Tax collection has come down after the great results witnessed in the initial phase when GST was Implemented in the country and the speedy collection was done on the basis of the strict Tax collection rules.
A reduction of 12% GST on ‘housing’ to a toll to 5% without any extension in the benefit of the input tax credit (ITC) to developers, would definitely increase the price of the Apartments and would largely affect the Low and the Middle-income Group.
The Goods and Services Tax (GST) has been introduced in India on 1 July 2017. Since then it has come across several challenges.
At a time when the Central Government is mulling over granting notional credit to tackle growing exporter woes, a move to allow input tax credit claims on IT export services delivered in collaboration with foreign entities comes as a welcome move just ahead of the new year
Just Before 31st GST Council Meeting which is set to be scheduled on December 22, 2018, Aam Aadmi Party (AAP) has written a letter to the Arun Jaitley, Finance Ministry of India and chairman of GST Council to give some suggestion on the GST.
