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Automobile industry body Society of Indian Automobile Manufacturers (SIAM) has suggested the government to prefer a standard GST (Goods and Services Tax) rate on small cars.
The central excise and customs department has declared a protest will be held stretching across the nation and a mass casual leave will be taken on ‘budget day’ to show off the discontentment regarding the issue of GST and its implementation.
States have started preparing for the GST regime ensuring proper training to officials working in the department. Now, they need some tax consultants who will advise them on the working of the goods and services tax (GST) law.
Taking a strategic step towards the GST roll-out, GST Network has been assigned to build the logistical and IT backbone for the upcoming indirect tax regime in India. The company allowed the taxpayers to avail the option of third-party interfaces.
The GST regime has a clause to be ascertained as the assumptions are stacking at the need of GST secretariat would be the next demand by every state after the implementation of the upcoming taxation reform. This need has been raised to cope up with day to day issues resolving the GST procedures.
Reserve Bank of India, a high commission emblem in Banking fraternity is very much sure that the GST pre-decided rate will be coming to a good position while sticking to 18 percent which will be no harm to the CPI inflation charts too.
A billion euro company of France named FM Logistics has decided to invest EUR50 million in coming four years in India which will be a major investment by the globally renowned company. The upcoming decision taken by the company is in the viewpoint of India’s decision to implement Goods and service tax in the taxation web.
Ajay Kanwal, CEO Asean and South Asia at Standard Chartered Bank, visited India as part of the Singapore business forum along with Singapore Prime Minister Lee Hsien Loong, was seated along with media personnel and shared some positive notes about the upcoming taxation reform GST in India along with future planning of the bank in the country.
The commercial Tax department has been enraged by the upcoming GST regime and its shortfalls over the Union government and demands the government attention on the issues related to GST. The protest like scenario was created in Vizianagaram and Srikakulam on Monday.
