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The Group of Ministers (GoM) Committee has suggested some changes to make the composition scheme more attractive and by lowering taxes with a flat 1% tax on restaurants.
Prime Minister Narendra Modi recently in its meeting said that, with GST implementation, a new business culture is developing for the country and in the long perspective consumers will be benefited with this.
To fight against the difficulties being faced by traders in GST return filing, a forward step has been taken by the Gujarat traders.
The GST has created the confusion between publishers and authors and the question is that who is liable to pay 12% of Goods and Services Tax (GST) on royalties.
According to the report by Global Research and Analytics Firm, frequently used household products such as toothpaste, soap, edible oil, instant noodles, soap and much more are anticipated to get an increase in demand of 2-5% in coming 12 months.
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Goods and services tax which was implemented recently and to be exact on 1st July 2017 with a lot of promises and work on progress tagline, is known to be subsuming all the indirect taxes into one.
Recently GSTN portal comes up with the newly integrated option of cancellation of GST registration. A businessman involved in the new tax policy and wanted to cancel their GST registration can now do away with it by the option available in the GSTN portal.
The Legal Metrological Department of Telangana government is all set to initiate a special check in the State after receiving so many complaints from the public about businesses are imposing GST over and above the MRP mentioned on the packet of the goods.
