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the Union Petroleum Minister assured that uniform tax structure for petroleum products would be brought into effect as soon as possible.
In order to ease the GST impact on the exports industry of India, the government has today sanctioned pending GST refunds of over Rs 30,000 crore to those exporters who are waiting to get input credit or claim back the IGST paid by them on exports.
GST E Way Bill is all set to roll out in almost all the states, and now its the turn of Jammu Kashmir & Tamil Nadu. Both the states will have GST intrastate e waybill from 1st June 2018 and 2nd June 2018 respectively.
GST intrastate eway bill is about to get implemented in both Mizoram and West Bengal starting from 1st June 2018 and 3rd June 2018 respectively.
This time, Monsoon is very early in southern part of India. Even the rain-rescue products are decorated on shops in the city markets.
It is an important news for all the taxpayers who have to file GSTR 1 as today i.e. 31st May 2018 is the last date to file GSTR 1 return for the month of April month.
The pharmaceutical companies practice of giving free products and samples are under consideration for goods and services tax.
The increase in the frequency of notices served for mismatch of input tax credit (ITC) claimed in the GSTR-3B forms filed by the taxpayer against that of the auto-generated GSTR-2A form must clear all doubts that exist regarding the efficiency of GST.
A report released by Federation of Indian Export Organisations (FIEO) reveals that the government owes more than Rs 20,000 crore in GST refunds, of which half the amount is pending as input tax credit.
