Despite continuous row between the Central GST department and the State tax department over the issue, Punjab’s finance minister Manpreet Badal is now eager to make a third amendment to the e-way bill rules in the state.
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Despite continuous row between the Central GST department and the State tax department over the issue, Punjab’s finance minister Manpreet Badal is now eager to make a third amendment to the e-way bill rules in the state.
Post-GST implementation, the regional authorities, and the state government have become restricted in terms of increasing the additional taxes as most of the taxes now covered under GST levy.
GST was always an ambitious plan when one takes into consideration the diversity that India as a nation subsumes within its territorial boundaries.
The NAA or National Anti-Profiteering Authority was set up with the sole purpose of ensuring benefits from GST rate reductions reaches the common taxpayer
In recent raids done by the Department of Legal Metrology officers, it was found that multiple chains of electronics and electrical appliances showrooms were doing the GST transactions in a wrong way.
The National Anti-Profiteering Authority (NAA), a constitutional body under the GST, was set up to ensure that the benefits from the GST Rate reductions are passed on to the end consumers.
The National Anti-Profiteering Authority (NAA) has recently written to IndiGo and Airtel, both of which are market leaders in their respective industries, asking details of the GST input tax credit benefits occurred to the businesses of these entities and whether these benefits have created possibilities for a price reduction to end-consumers.
In a recent uncovering of GST evasion, the noted Ramdev’s Patanjali Ayurved is under the scanner for not letting the GST rate reduction benefits to the consumers across the country.
Amidst rising criticism on the multi-slab tax levied under GST, Prime Minister Narendra Modi in a recent interview to Swarajya magazine put forth his Government’s logic on the same.