Search results for: IT Act

The solar sector is troubled with the implementation of the new indirect regime as tax rates of solar products are not clear. However, suppliers yet not started passing benefits to the consumers that they acquiring from input tax credits- which is connected to high taxation rates and higher prices for customers.

Now the business entities can upload their daily invoice details or account statement including sale and purchase of goods and services at the portal, as GSTN portal has started uploading invoice details.

Manufacturers of retail chains and department stores of fashion and lifestyle products across India have communicated to the stores that they must pass on benefits to consumers due to the price differences after the implementation of the new indirect tax regime.

Inspired by the launch of Reliance Jio Phone, many Indian telecom operators like Airtel, Vodafone India and others may also soon come up with their own 4G bundled phone offers.

The Goods and Services Tax Council could take up at its next meeting tax assessment issues raised by sectoral bodies alongside a survey of the execution of the new GST tax regime, a top GST council official has said.

The Comptroller and Auditor General (CAG) is working to finalize an ‘End to End IT Solution’ to review the Goods and Services Tax (GST).

One month is about to complete as the country has entered into the new regime. Nearly 15 officers and inspectors from the tax department have been spending long time hours on daily basis to solve the problems and queries of merchants, traders, and taxpayers. At GST help desks, each officer deal with 10 cases in a day which is generally related to the digital signatures and PAN mismatch.

The textile association finally chose to get back to their work after warning the government by replying their angst through vote banks.The union finance minister Arun Jaitley clearly denied the exemption of textiles from 5 percent duty of GST due to some other credit input issues.

Central Board of Excise and Customs (CBEC) has declared first-month revenue data after the implementation of the Goods and Services Tax Regime.