Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Union Finance Ministry has lodged a formal request in the Parliament seeking permission to spend an additional amount of Rs 85,315 crore in the ongoing financial year.
The Goods and Services Tax (GST) was in impact from July 1, 2017, and replaced many different taxes and furthermore goes for rearranging the indirect taxation.
In a first-ever GST fraud case, two directors of forged private firms have been arrested by the officers of the Central Goods and Services Tax (CGST), Mumbai for allegedly availing false credit of GST.
A report is prepared by Deloitte Haskins & Sells for the Business Aircraft Operators Association (BAOA) has said that, as the indirect cost on rental service is increased from 15 per cent to 18 percent, it will levy a higher burden of cost to the end customer.
Director General Sunil Misra of Indian Electrical and Electronics Manufacturers Association (IEEMA) told the reporters that, We are of the view the electricity should be brought under Goods and Services Tax (GST) because the credit will be available and electricity will be cheaper.
The GST E-way bill is developed by the National Informatics Centre (NIC) which has built the IT backbone of Goods and Services Tax as well and meant to be generated when the value of goods more than Rs. 50,000 is shipped intra-state or inter-state.
The State Bank of India (SBI) has recently released an Ecowrap report titled ‘The Arithmetic of GST Collections’, according to which the Goods and Services Tax (GST) revenue collection for 2018-19 may increase at a rate of 14 to 16 percent
In the Lok Sabha, a written question has been asked about the impact of GST and Demonetization on employment opportunities, while the Labour Bureau data clearly indicated that the employment possibilities fell down after the two important decision taken by the government,
Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.
