GST – one country one tax has brought uniformity in the taxation system which led to the decrement in U.P.’s total GST revenue shortfall from 20% of last year from July to march
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GST – one country one tax has brought uniformity in the taxation system which led to the decrement in U.P.’s total GST revenue shortfall from 20% of last year from July to march
The logistics sector plays a very important role in the growth of a nation and economy. After the implementation of the GST (Goods and Services Tax), the logistics sector of India saw a great growth of $194 billion and it is estimated that, within two years, there will be an increment of $21 billion
Tax department officers want to take GST from subsidiaries for using the logo and trademark of their parent companies.
The Confederations of All India Traders ((CAIT) head of organization traders wrote a letter to the Union Finance Minister Arun Jaitley wherein the traders have demanded the three GST slab rates instead of levying GST at five different slab rates.
Supply of goods and services or both under GST Law is Taxable. If there is no supply than no GST levied on it.
The goods and services tax (GST) is a value-added tax charged on most goods and services sold for domestic consumption, introduced by the Constitution Act in 2016.
The Goods and Services Tax Appellate Tribunal (GSTAT) has been introduced by the council to address the issues relating to the complicated regime
Recently, the Indian government has introduced some changes in the credit utilization mechanism under GST wherein the companies initially have to settle down the tax liability by availing IGST credits even before the utilization of central GST (CGST) and state GST (SGST) credits.
It has been observed that many of the businesses are using Central Goods and Services Tax Act (CGST) in a wrong manner by providing fake/ wrong receipts to the customers.