Powerd By SAG INFOTECH
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An announced for all the 2.1 lakh dealers in the State and about 28,000 in the capital city of Visakhapatnam, made by the central government to register dealers under the Goods and Services Tax Act (GST), by January 15, 2017.
Goods and Service tax has come a long way into the middle of the economy and its working, as the majority of the politicians are assuring that the GST can be actualized in April. Earlier it was speculated that there can be little delay in the implementation but now with a responsible person giving a gesture of GST, one can assume the April deadline also.
Commenting on the Center’s dropped proposal of bringing Real estate under GST, the Taxation Minister Zenith Sangma stated that the middle class and the lower middle class would be affected if the real estate sector comes under Goods and Services Tax.
The training well worthy for the upcoming GST regime is going in full fledge as the trainers hired for giving the field officers a skill set to tackle the GST, are ready to operate within the GST parameters. The news has been released in the recent latest data (up to December 17) of NACEN, the 75 percent of total projected officers who were to get the mandated training are ready with their training.
Upcoming Goods and Service Tax has already demanded various prerequisites for registration of old and new dealers as the mandatory guidelines are for their own benefits. The knowledge and details of all the registration process have been shared via all the means of communication to the general public and the dealers.
Goods and Service tax is a widely known topic in the financial and economic corridors these days, as both the center and state government are putting their endless efforts in the actualization of this mighty scheme hoping to reform the Indian economic in something better and operation accordingly.
The GST council two-day meeting has cleared most of the GST bills of a model law on Thursday itself, as the union finance minister and state representative are part of the council and having a single focus on this new tax regime. Still, there is a hook stuck on the matter of dual control of assessees in the line but the representatives of states and union head is making a gesture to sort out this one too.
The coal scenario must have got some issue beneath the surface of overall operations as the Gujarat Mineral Development Corporation is probably going to profit from rising costs in the worldwide market. The organization has been benefited by falling coal costs since FY12.
The Goods and Services Tax (GST) Council will start its two-day meeting in New Delhi today to consider the model laws and solve out contrasts on the issue of duty over assessees in the new direct expense administration.
