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It is the time when taking loan can be based on GST data instead of taking a loan in exchange for gold.

The goods and services tax in India is making several accomplishments while creating extra compliance to assimilate changes into a manageable one.

The government has released the directives suggesting that after GST implementation, the business which is away from Investment promotion assistance will get relief in all kind of matters from next budget session. Further, the business has got an extension until next year to compensate the problems faced by businesses.

In the starting of January, the GST network (GSTN) Chairman Ajay Bhushan Pandey has said, 55 lakh goods and services tax (GST) returns has been filed so far, which is a rising curve of assessees under the country new tax regime.

The government has finally decided that transaction credit can be claimed by individual firms, after getting criticised by two high courts over the GST working portal

GST e-way bill system which was about to implement from February 1st is now going to be launched on 7th March 2018. While the Finance Minister wants to launch the E-way Bill earlier as possible, while the National Informatics Centre (NIC) wants to begin the tried and tested e-way bill from 1st April.

In a drastic turn towards uncertainties, this time a Mumbai based tube and pipe manufacturer company has filed a written petition against the central government and goods and services network (GSTN) for allegedly changing the input tax credit claim figures.

Reckitt Benckiser, the British consumer goods major said, due to the implementation of goods and service taxes in India and the cyber attacks across the world, the business of the company has been affected in the quarter ended June.

The restaurant industry in Mumbai and Bengaluru feels good after the implementation of Goods and Services Tax (GST) and has been largely positive.