Powerd By SAG INFOTECH
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India is going on the path of development at a fast pace and to move forward and make it more competitive, it must include reforms and strategies in its taxation and financial system. The country will be soon going to see the new tax regime, GST in order to facilitate the governance and economic condition of the country.
GST is a discussion point in every political and financial corridor from a long time and this time Rajasthan government wants some points which need to be heard. The chief minister of Rajasthan state, Vasundhara Raje has put some relation in tax slab of particular stones like Kota stone, marble, sandstone and granite.
As the GST is coming to redefine the economy of India, its service providers also geared up to face the challenges being thrown by the operation and implementation of it.
Ahead of Goods and services tax, the Rajasthan trade body has come forward and demanded from the central and state government to fully resolve the concerned issues of GST under the time period of 15 days or less. Failing of which will lead to an uncertain scenario, the trade body warned this to the ministry and higher officials.
Now the GST mandates all the goods lost, stolen and gifted to be maintained under the new taxation regime coming from July 1 most probably.
Goods and service tax is approaching with queries solved in its pack, while it may create some upheaval upon implementation, but it is quite essential to create one. In the last year of discussion among the automobile association with the ministry
Gold jewellers are into a bit of confusion on GST as there is anonymity over the gold jewellery in the market. The service charge is being portrayed as making a charge by most of the jewellery community and applies it to another bill, so as per the GST draft rules and guidelines
Goods and service tax will create an all round difference in the economy as well as in the functionality of business units and in this matter, a various lower business might try to bring down their actual income in the bracket of 20 to 50 lakh in order to save 1-2 percent over the generated tax obligation.
For many service class people, it is a struggle to fill the income tax return (ITR) or to make savings announcements related to it at the beginning of the financial year, because many people do not have a better understanding of it. And worthwhile, by making accurate savings announcements, the individual can avoid heavy income tax and can also plan his expenses for the year.
