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The GST council chairperson and the union finance minister of India Arun Jaitley indicated that the goods and services tax has got on the track very well

FMCG Company Hindustan Unilever (HUL) stated that it will be soon to say that due to the implementation of Goods and Services Tax, the unorganized sector is at the risk of losing all the business.

According to a poll result, the majority of economists favoured that the GST impact will not be seen before the next year and a lesser number said it might be visible soon.

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.

The Reliance Jio plans in pricing the data and unlimited calls at less where benefited many consumers in providing services at lesser cost, on the other hand, have become a headache for other telecom operators as their bills slow down drastically.

The government is trying to bring real estate sector under the ambit of Goods and Services Tax. According to sources, in the 18 January meeting of GST council, this issue can be discussed.

The government is planning to ease the profiteering complaint filing forms which are filed against wrong benefits generated under new tax regime, said a senior official.

With the increasing fear of declining GST collection, the government can change the procedure of the Invoice Matching system. In consideration of this move, the invoice matching is not done by the assessee but it will be done by the tax department itself.

The government authorities are in discussion to further extend the limit of composition scheme under GST as to give relief to the taxpayers.