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Airlines Industry has been considered a fast growing sector within its parameters and has been a very promising area of adding value to the countries growth and the standard of its people. But the overall burden of the country seeks remuneration from all of its contributors and Airlines also in the queue.
GST Taxation scheme will stir some of the names under its implication, such as Apex indirect tax body CBEC will be named as the Central Board of Indirect Tax (CBIT) as soon as the GST strikes on 1st April next year. Governed by the secretary-level officer, exemptions, and threshold which are implied by CBIT now will be set accordingly by GST council being chaired by Union Finance Minister and has state finance ministers as its members.
Solar power is still a budding sector in the nation with seamless benefits and low-cost operation. After the coming of GST in purview, the industry has applied a plea to the Finance and Commerce Ministry as one should know that the heavy costing by the implication of GST scheme will take the effect long.
In Delhi, while delivering the first Dr. APJ Abdul Kalam Memorial Lecture at the India Islamic Cultural Centre, Mr. Arun Jaitley the Finance Minister of India pressed the slogan ‘One Nation, One Tax’ for the long-debated topic of GST i.e. Goods and Services Tax.
President Droupadi Murmu announced that the Union government is committed to making significant changes that will positively impact the lives of poor and middle-class citizens. These changes include new tax reforms that aim to make the tax system fairer and more efficient, helping to ensure that more people benefit from government policies. The President, addressing […]
Traders have been given notices by the Goods and Services Tax Department for issuing incorrect or fake invoices. These notices are based on data from the Mera Bill Mera Adhikar Scheme. The Central Board of Indirect Taxes and Customs (CIBIC) started this scheme to encourage the habit of creating bills and invoices during buying and […]
The Center has been encouraged by the consulting and services industry to review the Goods and Services Tax (GST) collection regime. The service industry and consultants now pay their taxes as responsible professionals and businesses and are absolutely upset by the requirement to deposit GST on an accrual and due basis. According to K.K. Kapila, […]
GST (Goods and Services Tax) has come a long way even after facing a lot of problems. The government of India took a very important step by introducing GST in the country in the field of indirect tax reforms.
The Goods and Services tax (GST) is both a challenge and an opportunity in effectively managing the working capital. There are many media houses that will help you to navigate its complexities and extract the maximum benefits from the new tax regime offers in managing working capital.
