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Among all the hardships that the government is facing these days to actualize the goods and service tax in the common, there is step by step features which are to be implemented by the course. The customs department has now given a notification that it has been shifting all the prevailing assessees to the new portal.
In various cases of exemption-seeking from all the industrial and sectors for the purpose of saving some tax revenue continuing for a further investment in GST structure, here in case of adversity, the polyester sector was seen asking for a steady tax rate even after a certain relaxation can be layered on it.
The Commercial Tax Department (CTD) has appealed the traders in Indore who have failed to migrate to the GST portal till now. The department officials have warned the traders to cancel their Traders Identification Number (TIN) if they don’t migrate to GST portal ASAP.
The GST and demonetisation have come hand in hand to make a complete change in the economy of the country for a better reason while the results of demonetisation are still not out but the overall attack on the black money is considered praiseworthy. And with this, the Union budget also saw a delay and has got its date on February 1, giving a sad layer of impression over the political parties.
In order to facilitate proper GST migration of the local dealers, the Belgaum District Small Scale Industries Association?(BDSSIA) and Department of Commercial Taxes organized ‘GST Migration Help Desk’ at its office in Udyambag, Belagavi located in Karnataka.
The finance minister Arun Jaitley shall reveal the timeline for the much-anticipated tax reform— GST—in the upcoming Budget 2017-18, which would be carried out on February 1 2017. The Part B of the Budget speech, which contains tax proposals, could bring half-yearly estimates of service, central excise duty and collections from other indirect taxes (excluding customs). India is keen to implement GST on or before September 15, 2017.
Maharashtra has not taken the decision of acquiring of revenue rights of territorial waters easily as the meeting after the decision announced has sent a straightforward indication to all the apex authorities to go down into this matter.
After the plea of commerce and Industry minister Nirmala Sitharaman on the issue of exporters, refund duty which takes a long time than normal has been considered in view of traders blocked revenue for investments. The issue was raised in the eighth meeting of the GST council while the quick reaction of the request is what takes an attention.
Commerce and Industry minister Nirmala Sitharaman has given some moments to the finance minister Arun Jaitley to discuss various issues of exporting industries while also talked about the labor-oriented work being practiced in various hand made manufacturing industries.
