Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
In a pursuit for more and more customer satisfaction and appeal, SAG Infotech has decided to offer a very lucrative deal to all the budding enterprises who are looking for a technical panacea for the management of payroll and employee productivity tool. The offer is on every purchase of Gen Payroll software, the company will […]
On the contrary side of Union finance minister who has backed upon the preparedness of Goods and services tax with reasons and fundamental sources, the BJP leader Subramanian Swamy has tweeted against the implementation of GST on its pre-scheduled date.
Retailers which are learned from the upcoming GST are offering 20-40 per cent discounts on white goods or electronic appliances, including television, AC, refrigerator and so on to clear the available stock and minimize the losses, before the implementation of Goods and Services Tax (GST) i.e., 1st July.
The union finance minister in its latest talks cleared the air regarding the implementation schedule of upcoming goods and services tax in India. In an interview, the minister said that the GST is a very simplified tax scheme and there is no reason to postpone it further than the pre-decided date of 1st July 2017.
The Maharashtra Navnirman Sena (MNS) has requested to the Central Government that sanitary napkins should be exempted under GST Regime. MNS leader Shalini Thackeray has met with the finance minister Arun Jaitley to discuss this issue. The Government has announced 12-per cent tax rate on sanitary napkins under the new indirect taxation structure, which is going to be rolled out from 1st July.
As everyone is well aware of the complex GST framework and its upcoming requirements for the settlement among the Indian economic environment, it’s now the banking sector who have raised the hands in front of extremely rigid and tedious GST regime. The Indian Banks’ Association (IBA) which is a governing body of management of banks operational across the nation has cleared out that numerous banks are not fully ready for the upcoming GST scheme.
Every business entity which is getting registered under Goods & Services Tax will be provided a unique identification number known as GSTIN or GST Identification Number. Presently, every dealer which is registered under the state VAT law occupies a personal TIN number which is assigned to him by the state tax department. Just like that, the service tax registration number is assigned to a specific service provider by the Central Board of Excise and Customs (CBEC).
On 6th June 2017, the Prime Minister Narendra Modi will take a look on the preparedness of the Goods and Service Tax (GST), which is scheduled to roll out from 1st July. The Prime Minister of India has been continuously in touch with the GST council and has been taking reviews of upcoming tax scheme in order to make sure that the reformed tax regime runs hassle free after the implementation.
As of now all the excitement which was seen previously in the global research agencies along with the industries associated is now cooled down to some extent due to the complexities involved in the procedure and another operational working of the GST.
