Amway, an MLM company, demanded the reduction in GST rate on Food Supplements urging the government that the preventives to the health problems should also be considered as important as medicines.
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Amway, an MLM company, demanded the reduction in GST rate on Food Supplements urging the government that the preventives to the health problems should also be considered as important as medicines.
GST has been again in talks due to the Haryana government which will demand reduction in tax rates of plywood and spare parts of farm equipment.
GST implementation is proving very hard for many of the startups which provide home services like UrbanClap and Housejoy.
Diamond traders contacted the government requesting to eliminate the 3% Goods and Services Tax(GST) on Business to Business (B2B) transactions.
According to the industry insiders, higher tax rates levied on batteries used in electric vehicles under the indirect tax regime may be a major barrier for the government.
Senior Government officials have expressed disappointment with the Infosys due to the technical glitches and issues in filing returns at GST Network (GSTN). In regard this, the government has to extend the deadlines for filing returns several times.
All retail chains and shopping malls are preparing for a Mega Sale around the year-end and the reason is well-known disruption caused by GST.
Vanaja N Sarna, Chairperson of Central Board of Excise and Customs (CBEC), said that the tax collected under the new tax regime is deviating from the expected figure and there are no targets in line to tweak the annual revenue goals.
To make the tax the technology backbone more effective and convenient, the GSTN portal has started taking feedback from the taxpayers by calling taxpayers and asking them about their experience at the GSTN portal.