Search results for: GST Act

According to the industry insiders, higher tax rates levied on batteries used in electric vehicles under the indirect tax regime may be a major barrier for the government.

Senior Government officials have expressed disappointment with the Infosys due to the technical glitches and issues in filing returns at GST Network (GSTN). In regard this, the government has to extend the deadlines for filing returns several times.

All retail chains and shopping malls are preparing for a Mega Sale around the year-end and the reason is well-known disruption caused by GST.

Vanaja N Sarna, Chairperson of Central Board of Excise and Customs (CBEC), said that the tax collected under the new tax regime is deviating from the expected figure and there are no targets in line to tweak the annual revenue goals.

The government is continuously working upon to make the GST filing process easier so that the taxpayers don’t face any difficulties in filing returns at GSTN portal.

To make the tax the technology backbone more effective and convenient, the GSTN portal has started taking feedback from the taxpayers by calling taxpayers and asking them about their experience at the GSTN portal.

The Group of Ministers (GoM) Committee has suggested some changes to make the composition scheme more attractive and by lowering taxes with a flat 1% tax on restaurants.

Prime Minister Narendra Modi recently in its meeting said that, with GST implementation, a new business culture is developing for the country and in the long perspective consumers will be benefited with this.

To fight against the difficulties being faced by traders in GST return filing, a forward step has been taken by the Gujarat traders.