Search results for: GST regime

Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.

Application protest shape documenting against the Companies who are not passing the tax benefits to the clients, is expected to be simplified.

In spite of all government claims that after GST implementation the return filing number will increase, the total number of returns filed in these seven months proving the claim wrong.

As confirmed by the Central Board of Excise and Customs (CBEC), errors by exporters in filing GST returns are causing the delay in disbursing tax refunds. Only a third of the total returns filed under the new tax regime are eligible for tax refunds and the refund process for those with clear documents has begun.

The Directorate General of Safeguards (DGS) recently asked Hindustan Unilever about clarifications regarding the methodology used by the company in reaching Rs 119 crore to the government after it was not able to pass the GST benefits to customers.

The government is taking every effort under its strength to tackle down the uncertainties of goods and services tax. The finance minister Hasmukh Adhia recently stated that the government is going through all the technological advancements and scrutiny to ensure that goods and services tax becomes totally foolproof against any of the tax evasion chances or unprecedented situations.

After the beginning of new tax regime- goods and services tax (GST), Gujarat government has said, the main reason of the revenue growth is stamp duty, electricity duty and vehicle tax as these taxes will help the Gujarat government to collect 18.5 percent more tax revenues in 2017-18.

In the starting of January, the GST network (GSTN) Chairman Ajay Bhushan Pandey has said, 55 lakh goods and services tax (GST) returns has been filed so far, which is a rising curve of assessees under the country new tax regime.

In a moral approach towards the betterment of the tax community as well as of the commerce students, the Labour & Employment department of the Gujarat government is now discussing upon a 100 hour-long crash course on the new GST tax regime for all the aspiring commerce graduates at the Industrial Training Institutes (ITIs).