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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.
Iron Handicraft industry, which exports products to foreign countries and earns foreign currencies in crores, is in dilemma after Goods and Services implementation as due to various anomalies in IGST and GST, they are suffering from an economic slowdown.
The Telecom Regulatory Authority of India (TRAI) has recommended the FM, Arun Jaitley to lower applicable 18% GST on telecom services to 12%.
Many traders want to file GST but due to lack of computer awareness, they have to hire lawyers and accountants at a higher cost which is the main cause of delay in filing returns.
It has been around 6 months since GST was implemented in the country, some of the taxpayers have claimed that their data is merging with the others at the GSTN Portal. In respect of this, the Information Technology department is blaming that the taxpayers are registering with multiple entities at a time.
The goods and service tax impact on ceramic tiles is basically neither too much high nor completely relaxed. Somany Ceramics Ltd.
A report has been lodged suggesting that RTI(Right to Information) is demanding GST for sharing the information. As there has been no tax imposition on RTI. This new demand has confused the RTI activist as well.
Alappuzha is the famous tourist place and according to tourism department data, more than 60,000 Indian tourists have been to Alappuzha for a visit in last season. The backwater tourism industry is suffering due to new indirect tax provisions which had shattered the hospitality industry heavily
The positive and negative impacts of the implementation of the Goods & Services Tax in India are visible in almost every major business sector of the country.
