Traders and business owners in Punjab have found some big loopholes in the GST structure. As per reports, invoices amounting to crores are being sold for a meagre sum of some thousand rupees.
Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Traders and business owners in Punjab have found some big loopholes in the GST structure. As per reports, invoices amounting to crores are being sold for a meagre sum of some thousand rupees.
The GST council is trying to simplify the rules of the new tax regime for the taxpayers. While the queries related to the GST recorded by the National Consumer Helpline indicates that the consumers and the general public were facing problems in GST.
As the Union Budget is in the line and about to present after two weeks, the GST Council is considering to come down the tax rates for some products, as per the report the number is 80, and thinking over to include the real estate under GST in 25th GST council meeting.
The National Restaurant Association of India (NRAI) mentioned yesterday that the restaurant sector wants to bring back the input tax credit benefits under Goods and services tax and furthermore tries to remove the number of licenses necessary for running a restaurant.
In a recent survey, it is found that the taxpayers have bypassed each and every strict tax vigilance until now as the taxpayers and businessman have been implementing their own ways to evade the taxes.
In the upcoming GST council meeting which is to be held on 18th January 2018, it is speculated that there would be rate revision of around 70 to 80 products and services.
In the recent communication held with DataWind, a mobile device manufacturing company stated that the tablet PCs are now going expensive due to the higher tax rates of 12 percent and 18 percent.
GST E Way Bill registration or enrollment is an easy procedure on Indian Government official portal (ewaybill.nic.in) as we have described a very simple manner.
The GST council along with central authorities have initiated their struggle to implement GST eway bill here in India starting from 16th January 2018 on a trial basis.