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Madhya Pradesh state has now 4 lakh registered traders under goods and services tax regime as the senior state commercial tax official mentioned in a public event.
GST authorities are reportedly working on methods to ensure better tax compliance, including timely return filing and tax payments, from micro, small and medium enterprises (MSME) of the country.
India is a land for spiritualism. While religion in India has been a major political demarcation point, its economic viability is not unknown to many.
Post-GST implementation, the regional authorities, and the state government have become restricted in terms of increasing the additional taxes as most of the taxes now covered under GST levy.
The government is now ready to tighten up the scrutiny of all the taxpayers as according to one of the officials. the tax department will now compare multiple tax data of an individual to ascertain any tax leakage.
A report by CBRE, the world’s leading real estate firm, said that India’s Logistics and Industrial space leasing activity increased by 45% to about 10 million sq ft in the first half of 2018 as compared to the first half of 2017, primarily because of the GST implementation last year.
Under the new GST Tax regime, it seems the plight of the disabled has gone to deaf ears. In Pre-GST times aids like wheelchairs, crutches were zero-rated.
Since July 8, 2017 – the day when GST was implemented in J&K, it has been observed by tax officials that the state revenue collection in the state dropped down nearly by Rs 1300 crore.
2017 GST notifications are mandatory for all the relevant and current happening within the goods and services tax regime.
