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According to the Development Bank of Singapore, the country need not to be worried from the new taxation regime as basic or essential items have been placed in zero- rated or exempted category. So, the economic impact of new Goods and Service Tax (GST) will be inflationary with little or less influence.
Only 15 days are left for the implementation of new GST Regime and the experts have raised issues that service sector are facing the problems in shifting to new Goods and Service Tax (GST) Regime.
Finally, GST council heard of many sectors which were requesting for some relief from the heavily loaded GST rates levied upon them.
After the hustle and uproaring over the tax rates decided by the GST council in the recent time, the Central Board of Excise and Customs Chairperson Vanaja Sarna clears that the revision of any tax rate of whether good or services is solely at the discretion of GST council and no one else.
GST Helpline Contest 2017 Steps to Participate and Win Contest: 1. Download GST Helpline App from Play Store: http://bit.ly/gsthelpline (For iPhone users: http://bit.ly/itunes-gst) 2. Rate and Review GST Helpline App on app store 3. Join Discussion Forum in the GST Helpline App 4. Login and Answer the same question (Asked in The Image) 5. The […]
The Goods and services tax will be absolute in the matter of curbing tax evading practices as the invoice matching mechanism will be a significant tool in ascertaining the transaction details while matching it with the details furnished by the taxpayer.
It is uncertain that what if the implementation of the Goods and services tax (GST) goes expensive with inflation goes higher but the government is still assuring the fact, that it won’t be the case in the GST.
GST is a discussion point in every political and financial corridor from a long time and this time Rajasthan government wants some points which need to be heard. The chief minister of Rajasthan state, Vasundhara Raje has put some relation in tax slab of particular stones like Kota stone, marble, sandstone and granite.
Many states are now in fully working mode to clear out the GST as soon as possible, and in the same direction, Bihar and Rajasthan called for significant sessions in their designated assemblies to pass the state goods and service tax bill (SGST) on 24th April next week. In the second week of May, Assam will be also targeting to pass the bill in its assembly as told by an official.
