Search results for: Goods and Services Tax

The Goods and Services Tax Appellate Tribunal (GSTAT) has been introduced by the council to address the issues relating to the complicated regime

After so many hurdles, GST came into effect in India on 1st July 2017 with five slab rates – 0%, 5%, 12%, 18%, and 28%.

The largest LNG supplier Qatar recently demanded that the natural gas must be included in the goods and services tax ambit for a neutral and share increasing point for the country welfare.

GST is an interesting challenge for CAG Comptroller & Auditor General of India (CAG) because where it has brought unfavourable circumstances to work on large quaternions, it simultaneously offers an easy and one station access to all the data needed for a full-fledged audit.

A total of 2 new features have been added on the official website i.e., Goods and Services Tax Network ( GSTN ) which includes System Generated Acknowledgement of Application of Appeal and the Population of Data from EWB System into Form GSTR-1. 

Shipping industry under GST regime has suffered a lot and to understand this we may further try to reach the reason. GST has given many positive results but just at International level while domestic ones have not witnessed any advantage.

Recently the NASSCOM submitted its preferred recommendations to the Ministry of Electronics and Information Technology (MeitY) for the upcoming Union Budget 2019-20.

There are always two sides of a coin and this is true for GST too. While we can agree to disagree on its immediate effect which has witnessed a mixed bag of complementary as well as stern-criticizing reviews from the common taxpayer and business community alike, we must also try to draw a parallel between the erstwhile VAT and the current GST regime.

The GST was implemented with a bang of the slogan ‘One Nation, One tax’. The implementation of which was done with enthusiasm but not with proper planning which resulted in poor outcome and criticism.