Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The clause for anti-profiteering has emerged quite a while ago when the finance ministry first announced that any company found blocking the tax benefits to the consumers will be penalized and also various other severe measures will be taken against them.
The goods and services tax has entered its last phase after going through months of complex discussions and managing financial reforms. The 14th meeting held recently in Srinagar went way ahead and made tax rates fitment on nearly all the goods and services subsequently in the two days extension.
The provisions are never ending and now the government has directed that the small vendors listed on the e-commerce giants like Flipkart and amazon will have to pay a GST in advance under the goods and services tax scheme when they get their payments even if they fall into the exempted series.
Industry chamber Assocham mentioned that the progress in the implementation of a tax system across the country through the Goods and Services Tax (GST) will be the biggest achievement of the Modi Government. According to Assocham, the other achievements that the NDA government has achieved during the three-year tenure included in the economic area assimilating public inclusion on a financial scale, digitisation and infrastructures like railway and power distribution.
GST Helpline Contest 2017 Steps to Participate and Win Contest: 1. Download GST Helpline App from Play Store: http://bit.ly/gsthelpline (For iPhone users: http://bit.ly/itunes-gst) 2. Rate and Review GST Helpline App on app store 3. Join Discussion Forum in the GST Helpline App 4. Login and Answer the same question (Asked in The Image) 5. The […]
The official sources have mentioned that petroleum products and continuation of their VAT attraction will be soon decided by the GST council as cleared by the Maharashtra Minister Deepak Kesarkar to the legislative council.
Telecom industry falls under the category of 18 percent slab rate under Goods and Service Tax (GST) and it disappoints the industry very badly.
GST Service tax rates are also into the pipeline and slowly they are coming into the announcement. The GST council has finalized the service tax rates on the 2nd day of its 14th meeting at Srinagar. It is worthy to notice that the education and healthcare sectors have been exempted from the service tax of GST.
Talking about the hotel industry and their individual tariffs, the Hotels with tariff falling in between Rs 2,500 to Rs 5,000 will be levied GST of 18 per cent, whereas hotels with tariff of above Rs 5,000 will come under 28 per cent tax slab. And after which, hotels with tariff under Rs 1,000 are exempted from the GST scheme.
