Section 7 of Modal Law GST, The charging section provides that all intrastate supply would be liable to GST, Rate of Taxes, Manner and collection of Tax and the Person who are liable to pay such Tax.
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Section 7 of Modal Law GST, The charging section provides that all intrastate supply would be liable to GST, Rate of Taxes, Manner and collection of Tax and the Person who are liable to pay such Tax.
A lot of tax officials are feeling offended while the GST is in coverage right now on every channel and news media, as the 2.36 lakh officers and employees working with commercial and sales tax departments of various states will work on Sunday to press for their demand of having a fair share in the administration of taxes.
The centre and its financial department are gearing up for the upcoming GST regime and some of the first reformations are being taken into the SEZ Zone acts. Banikinkar Pattanayak, a government official said that The government will soon tweak certain fiscal provisions of the special economic zones (SEZ) Act, as it gears up to introduce the goods and services tax (GST) regime in the country.
A charge of nearly INR 500 crores as a service tax will be paid annually in the consideration of Goods and Service Network by the central government. The previous thought was to obtain this amount from the taxpayers only, but as a good faith, the government decided to pay the service tax itself. GST Network […]
Cellular Operators Association of India (COAI) has been standing in the queue of the exemption plea with the government as the mentioned union is asking to exempt all the coupon seller from the GST web while the industry is demanding a 12 percent tax rate. The association has various telecom giants under its presentation like […]
The government has finally taken three bills namely The Central Goods and Service Tax Bill, the Integrated GST and GST (Compensation for Loss of Revenue) to the parliament for the consideration and passage in winter sessions upcoming from next week.
The mutual funds are a great source of funding towards a particular commodity and with the effect of GST, it has soared a price upon itself a bit more.
GST ahead upon its arrival demanding various industries to be vigilant in their case as in latest scenario, All India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V stated that, We are now gearing up for GST and have proposed that the GST rate for the gems and jewellery sector should be 1.25 per cent if the government expects the industry to be compliant and organised.
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