Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Goods and Services Tax constitutional amendment having been declared by the Govt of India, the rollout of the GST Bill will be an aggregate exertion of the Central and State Governments, the citizens and the IT platform supplier i.e. GSTN, CBEC, and State Tax Departments.
The finance minister Arun Jaitley shall reveal the timeline for the much-anticipated tax reform— GST—in the upcoming Budget 2017-18, which would be carried out on February 1 2017. The Part B of the Budget speech, which contains tax proposals, could bring half-yearly estimates of service, central excise duty and collections from other indirect taxes (excluding customs). India is keen to implement GST on or before September 15, 2017.
Maharashtra has not taken the decision of acquiring of revenue rights of territorial waters easily as the meeting after the decision announced has sent a straightforward indication to all the apex authorities to go down into this matter.
GST Impact on Indian Aviation Sector
The Goods and Service tax have a long way to go as the hurdles are getting in between for quite some time. The dual control issue is still on the hooks for the union authorities as well as GST council can not decide the ultimate fate of this dual control matter.
The latest GST council gatherings have missed the mark regarding desire as the absence of agreement on the issue of tax organization or ‘double control’ implies that April 1, 2017, due date for GST usage looks unachievable.
An announced for all the 2.1 lakh dealers in the State and about 28,000 in the capital city of Visakhapatnam, made by the central government to register dealers under the Goods and Services Tax Act (GST), by January 15, 2017.
GST is being considered as the greatest tax change in the historical backdrop of free India and is being anticipated as one nation, one tax. Businesses are idealistic that GST will make uniform expense all through the nation.
GST is one indirect tax for the whole nation which makes India one unified common market. GST is a single tax on the supply of goods and services, credit of input tax paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
