Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
At the moment, there are many rumors regarding India’s biggest reform, GST Bill. As per the sources, the Goods and Services Tax (GST) rate may be reduced from 18 percent. If the GST rate is less than 18 percent then there is a good chance that it will be emerged to roll-out the GST Bill in the Winter Session of Parliament and the opposition parties also want to reduce the GST rate. Therefore, they won’t have any reason to delay it further more.
The grand alliance between Janata Dal (United) and RJD has made their presence in Bihar state by registering a massive victory. The party might create a buzz in the Parliament from the beginning of Winter Session, by indicating to support the opposition party on the GST Bill.
When the last date of IT filing arrives close, every taxpayer worries about how to calculate the taxable income and online e-filing of the income tax return. The income tax return has to be mandatorily e filed in case your income is above the basic slab rate. However, paper returns can be filed by those […]
The All States Finance Ministers have met together in a meeting on Friday regarding the GST Bill. The meeting was held in the context of cull a new chairman of the GST Panel and debate on the Bill. State FMs is willing to pass the Goods and Services Tax system. The empowered committee meeting is directed by the Delhi deputy chief minister, Mr. Manish Sisodia, said the states were “divided” over the threshold.
Finance Minister, Arun Jaitley says that the Prime Minister of India, Narendra Modi has majority votes to pass vital reform, Goods and Services Tax that was first proposed in 2006. Talking about the GST Bill, it is an indirect tax and one of the best and biggest economic reforms in India. The Bill could be applied from April 1, 2016 after it’s approval. The anti-persons of Narendra Modi have blocked the measure in the Rajya Sabha, Finance Minister told in an interview of Bloomberg TV India.
Ex Finance Minister of Kerala Mr. K M Mani has stepped down from his post of chairman of the empowered group of State Finance Ministers panel on Goods and Services Tax. He has resigned from his current post and sent his resignation letter to the Finance Minister of India, Mr. Arun Jaitley. He was taken oath of Chairperson of the panel of GST in the March, 2015.
The NDA Government is focused on their target to get the Constitution amended to apply the GST Bill from 1st April, 2016. But the opposition parties could delay the GST rollout date, especially the Congress party wants to make changes in the Bill.
Finance Minister Mr. Arun Jaitley said on debacle of the coalition of NDA in Bihar state that the defeat will not make any bad impact on the investors as they are very wise persons, they believe on our government. The financial improvements will continue.
Income tax is a kind of direct tax among the two types of taxes – direct tax and Indirect Tax. Income Tax is charged by the government on the income earned by the taxpayer or any profit or revenue generated by him in a specific Fiscal Year i.e. the year in which income is generated. […]
