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As per the tax experts review on GST implementation, the old-issue of transfer pricing can tremble the system in coming future.
The Aviation MRO (maintenance, repair, and overhaul) wants the government to make a simple structure by either cutting down 18% GST on the aviation MRO sector or levy customs Duty on aviation who are serviced out of the country and exempts from contribution to GST.
In a GoM panel which has been set by the union tax body and GST council has been sorting to view upon issues and complications regarding the micro, small and medium enterprises (MSME) sector in the second meeting scheduled for 29 October.
The Commercial Taxes(CT) department announced that In upcoming 15 days, it will be mandatory for traders and businesses to demonstrate the GSTIN on their respective signboard and showcase registration certificate on their premises.
GST Council is aware of the problems taxpayers are facing in filing GST return on GSTN Portal. To ease the hurdles, GST Suvidha Provider (GSP) Masters India is planning to open 1,000 Suvidha Kendras in tier-2 and tier-3 cities by the end of October and try to establish 10,000 Suvidha Kendras at the end of this financial year.
India is a hub of sports-loving people. Whether it’s cricket or athletics, we are always excited to watch our favourite players and encourage them to win. We have a potential to grow in sports and to represent our country at international level.
Goods and services tax recently surfaced in the Indian economy and has affected a lot of sectors. Here we can see a detailed picture of what GST have done to the steel industry in India.
Income Tax Department is seeking information on past transaction details from banks and financial institutions. Through past transaction details, tax department will be able to determine Goods and Services Tax (GST) calculations.
A five-member GoM meeting, including Assam finance minister Himanta Biswa Sarma, Jammu and Kashmir finance minister Haseeb Drabu, Bihar deputy chief minister Sushil Kumar Modi, Punjab finance minister Manpreet Singh Badal and Chhattisgarh commercial taxes minister Amar Agrawal, was set up on Sunday
