Starting from the implementation of GST, it has been a round of discussion for the political parties to solve out any discrepancies arising out of compliance obligations of GST.
Powerd By SAG INFOTECH
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Starting from the implementation of GST, it has been a round of discussion for the political parties to solve out any discrepancies arising out of compliance obligations of GST.
What can be more peaceful before Gujarat assembly elections, where the Union Finance Minister Arun Jaitley has ensured the Gujarat’s textile community to solve problems faced by taxpayers in Goods and Services Tax(GST) filing procedure.
Under the GST, the exports of taxable goods or services are treated as zero-rated supplies. It means that the suppliers will not have to pay any GST on any of their exports.
GST implementation is proving very hard for many of the startups which provide home services like UrbanClap and Housejoy.
Goods and services tax which was implemented recently and to be exact on 1st July 2017 with a lot of promises and work on progress tagline, is known to be subsuming all the indirect taxes into one.
Free supplies of goods and services have been frequently used by the businesses to promote their products in the market. The situation arises when the receiver/ buyer tries to obtain good quality material at a bargained price in the market.
Online GST registration application is an essential step under GST regime for every taxpayer or business owner whose annual turnover is above 20 lakh.
It is necessary for a large corporate business to the small one to be updated and file the GST returns very carefully because it can lead to errors which can cost a penalty or money hold with electronic cash ledger.
Packaged consumer goods will not be sold at an old maximum retail price (MRP) from 1st October under GST. The goods made before the implementation of GST will be seized across the country as decided by the authorities. The selling of old stock under GST will be ending on 30th September.