Powerd By SAG INFOTECH
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In a meeting with probationers of 68th batch of Indian Revenue Service (Custom and Central Excise), the President Ram Nath Kovind has appreciated for making goods and services tax a success across the country.
The recent data formulated by the Income Tax (I-T) department indicates a 40 percent increase in e-filing of I-T returns. The current count of e-return filing stands at 4.37 crore as opposed to the 3.10 crore returns for the financial year 17-18 (Assessment Year 16-17).
The Orissa High Court has instructed tax authorities not to take any substantial action against importers on the issue of advance authorization licenses for GST.
Global locomotive maker which have put billions of dollars for Make in India programme of the government railways such as Alstom, Bombardier, and GE has sought to influence the finance ministry for the challenges faced under the new Indirect tax regime.
The government has limited the further reduction in rates observing the revenue shortfall in GST collection in the first quarter of the fiscal of above Rs 40,000 crore.
2017 GST notifications are mandatory for all the relevant and current happening within the goods and services tax regime.
The Delhi High Court has asked to withdraw the petition, which was filed by Meerut Publishers Association and Institute of Management Association, on the constitutional validity of the RCM (reverse charge mechanism) under the GST
Kolkata is popularly known as the City of Joy. But the GST regime it seems has not brought much joy to the security agencies in the city as well as the state.
The GST Council, in its 29th GST meeting on Saturday, is likely to discuss the proposal to remove the CGST (central goods and services tax) levy on small businesses with annual turnover of up to Rs 1.5 crore.
