Search results for: direct tax collection

GST officers are trying to figure out a solution for dealing with the B2C entities and small restaurants who are collecting tax from their customers but are not paying it to the government. This step is being taken because many customers filed the complaints about being charged GST from the small restaurants but instead of […]

Maharashtra state government has come forward with new one-time amnesty schemes to get rid of the backlog of tax assessments which is pending from before the initiation of the goods and services tax regime.

GST has strategized to help and support the consumption-led states which could result in much higher revenue growth as compared to the manufacturing states. Getting a place in the Compensation list, the States would on a Guarantee basis, be showing revenue growth of 14% on the FY16 base.

GST Council has from always been an Institution known not just for ensuring the better implementation of GST in the country but also had stood strong on the anti-evasion measures.

Once logging to the GST portal, the taxpayer is facilitated by TDS and TCS credit received which could be filed by all the taxpayers who are a success in making a specified limit of sales on the e-commerce platforms and not necessary but are indulged in any kind of works contract with Government departments.

GST (Goods and Services Tax) was rolled out in July 2017. After GST, India is planning to improve and grow the tax-to-GDP ratio which will become India’s biggest changes till now.

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.

As per the new Rules and latest Directives from the CBIC (Central Board of Indirect Taxes and Customs), the Cars having price range more than Rs 10 lakh could cost more to the Indians due to the extra tax charged as per the new directives and rules from the Government’s end.