The Confederation of Indian textile industry chairperson stated that the factors such as an increase in import taxes on textiles and reduction of GST rates on synthetic clothes will surely boost the domestic cloths industry.
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The Confederation of Indian textile industry chairperson stated that the factors such as an increase in import taxes on textiles and reduction of GST rates on synthetic clothes will surely boost the domestic cloths industry.
Seeking problems faced by taxpayers in GST filing, GST practitioners have come forward in order to form a Joint Action Committee (JAC).
The two-day tax conclave will be held in Ahmedabad on July 14 & 15. The meeting will be attended by around 200 tax practitioners from over 26 Indian states who will discuss the ongoing issues of Goods and Services Tax (GST).
The Authority for Advance Ruling or AAR (Rajasthan) has cleared all pervading ambiguities over GST and Electricity. While Electricity is not under the direct ambit of the GST, but electricity invoices can have GST components at times.
In a move to appease small traders, the Central government has postponed the provisions of Reverse Charge Mechanism under GST.
Amidst rising criticism on the multi-slab tax levied under GST, Prime Minister Narendra Modi in a recent interview to Swarajya magazine put forth his Government’s logic on the same.
GST Network (GSTN) has been going through a lot of updates and changes aimed at improving the user-friendliness of the portal and making it easier for the taxpayer to file their returns.
The Indian IT (Information technology) Industry has been amongst the ones who were impacted by the last year’s implementation of the goods and services tax.
When the GST was introduced on the midnight of July 1, 2017, many pundits termed it as India’s second tryst with destiny. Tryst though is a not an appropriate word to describe a landscape changing move like GST.