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In a report released after the analysis of the indirect tax systems implemented by 115 countries, the World Bank has declared that the GST system is one of the most complex indirect tax structures with the second highest tax rate in the world.

Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.

Recently, Indirect Tax Department has published a circular that 18 percent Goods and Service tax (GST) will be imposed on the certificates issued for excess priority lending by banks, that would increase the lender’s cost as they are not fully eligible for complete input credit tax yet.

After the beginning of new tax regime- goods and services tax (GST), Gujarat government has said, the main reason of the revenue growth is stamp duty, electricity duty and vehicle tax as these taxes will help the Gujarat government to collect 18.5 percent more tax revenues in 2017-18.

Reckitt Benckiser, the British consumer goods major said, due to the implementation of goods and service taxes in India and the cyber attacks across the world, the business of the company has been affected in the quarter ended June.

The GST Council is thinking to revise the return filing procedure and simplify the rules further to make easy compliance and enhance government revenues.

Consumers are in distress as e-commerce sites and retail stores are selling the discounted products with the addition of GST above the discount price, as revealed in a poll by Local Circles with the engagement of 8,845 people.

The tea industry figured slow growth at the auction centres instead of global and domestic signal working in favour of the Indian market. The reason behind the confusion is generated after goods and services tax (GST) implementation in India.