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The Government has given a serious concern over the GST and its upcoming benefits to the consumers, and it has also been doing some homework with its top officials at GST council. The government is watching through all the aspects of implementing GST and here it also arose again on the verge of completion.
The Union government on Saturday released the drafts of the three supporting legislations for the Goods and service tax (GST). These three draft laws are—the central GST law, the integrated GST law, and the compensation law— which will be talked about in the meeting of the GST Council scheduled on 2-3 December. After a while board gives its gesture, the bills will be presented in Parliament in the progressing winter session. Entry of the bills in the upcoming winter session will be vital for the administration to meet its 1 April execution due date.
To promote exports from India, Government has provided various exemptions and incentives to exporters both at the central and state level and provide specific support to some industries and markets where exports would be of special value.
The GST network has got 48 of the prospective firms on their list who are desiring to be in the service providing team of GST network. The firms will have to acknowledge their efficiency in handling the large database and to become GST Suvidha providers for the upcoming GST regime.
Various bodies of the Indian community have been active since the GST is about to spell its cast over the taxation structure of the nation. Many of the government organization and private institutes are hovering on the concerned people to educate them on this matter of GST. Now in this same direction, Confederation of Indian Industries (CII) has come up with an event to shower the necessary information on GST.
SAG Infotech is a well-renowned Software developing organization in the metro city Jaipur, which has been successfully serving its wide client database for years satisfactorily. The company has gained proficiency in developing financial and taxation softwares to aid professionals like CA, CS, and Human Resource Managers in their corporate responsibilities.
The onset of GST might bring a happy face on the consumer of Indian community as the latest draft bill will be issuing a new provision which states an anti-profiteering clause. This clause depicts that the India Inc fraternity will be reducing the prices of the commodities which will get the benefit under the GST regime arriving early 2017.
This time it has been said by a very important player in the global market over the demonetization step of the Indian government. It is Morgan Stanley India which is in the league of the prominent financial race of asset management, commodity signifier, and renowned investment major.
