States like Telangana and West Bengal may push back for GST Rollout in the 15th GST Council meeting on June 3rd
The legislative agenda for the GST Council on June 3, 2017 is to decide on rate of tax for certain Goods and Services and approve the GST Transition and Return Rules, respective
CA Apex body sets up GST Sahayata desks to help traders with GST
The Institute of Chartered accountants of India has set up GST Sahayata desks to facilitate small businessman, traders, shopkeepers and public at large at around
Next GST council meeting on June 11th to take up unfinished agenda
The meeting of the GST council on June 3rd was expected to be the last before the 1st July rollout. However there is one more meeting on 11th June 2017, wherein
Govt starts Twitter handle to answer queries on GST
The Union government started a new Twitter handle @askGST GoI on May 28th to answer industry queries related to the Goods and Services Tax (GST) proposed to be implemented from July 1.
Enforcement of the Crucial E-way Bill may not be possible from the date of GST Implementation
As the industry prepares for the rollout of the Goods and Services Tax (GST) from July 1, the enforcement of the crucial e-way bill mechanism is likely to be pushed back. The delayed implementation of the e-way bill is being
GST council meeting at Srinagar, approves GST Rates for goods and GST Compensation cess
The 14th GST Council Meeting, chaired by the Union Minister of Finance Shri Arun Jaitley, was held at Srinagar, Jammu and Kashmir on May 18-19, 2017. The fitment of rates of goods were discussed during the Council meeting.
About Goods and Services Tax
The balance of taxation around the world is shifting. With many governments in developed and developing countries facing record budget deficits and high levels of unemployment, taxes on consumption are increasingly seen as playing an important role in the taxation mix. Already a number of countries have raised taxes on consumption, and it seems likely …
HOW SHOULD YOU PREPARE FOR GST IMPLEMENTATION?
Goods and Services tax (GST) is a very simple law. Excise duty, Service Tax, Countervailing duty, VAT and many other indirect taxes are history. Collection and issuance of C Forms, F Forms and other forms is also scrapped. No Entry tax and no waiting for the transport vehicles at the check points. In short, Forget …