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The GST is approaching very quick towards the implementation and in this hassle, there is a tense environment created within the officials of the Central Board of Excise and Customs which are very much thoughtful and doubtful about their jobs security. An Indian Revenue Service officer said, “If the government thought, a change as big as GST will not lead to any protests, then they are functioning in a utopian world.”

A long talk was conducted recently with the President of Assocham Mr. Sunil Kanoria regarding the benefits and upliftments of Goods and Service Tax. He said that “By unifying all Indian states and Union Territories into a common market, GST will exponentially enhance the ‘ease of doing business’ for them and this can unleash India’s huge domestic potential.”

GST Network was earlier not seen as a safe and secure method of developing the database from a private based organization which would further infuse non-reliable views over the structure.

The government has been trying to implement two significant economic schemes before the end of 2017 fiscal year namely Bankruptcy law and even more crucial economic reform of Goods and Services Tax. The association has remarked several points regarding this and also assured that there is another law called bankruptcy code under construction.

Oncoming GST has given a fruitful news to the Nagpur land owners, as the city has got all the attention it needed due its feasibility and approach-ability from almost all the cities of the Nation. Once the GST applies itself into the scenario, the local and indirect taxes which were levied at every stage of geographical shifting of goods will be slashed.

Confirmations have started coming out of the box for the newly incorporated taxation regime i.e. GST as the top financial ministry officials are talking with confident tones about the implementation of Goods and Services Tax.

GST has arrived with various comments which are not supporting its implementation as the former finance minister P Chidambaram clearly stated a negative opinion about the upcoming taxation regime.

Micro and Small Manufacturing & Service Enterprises has been given a financial help from the financial institutions in the schedule of an awareness program being held at GST & NSIC Finance (Loan) Facilitation Center.

Oil Minister Dharmendra Pradhan said that “GST Council will decide on this (taxation of petroleum products). On behalf of the industry, I would request the states to allow petroleum products to be brought under GST taxation.”