The GST Bill, which has been passed in Lok Sabha but stuck in the Rajya Sabha, is likely to miss its April 2016 deadline. Read five reasons that might be made influence on the Bill
The grand alliance between Janata Dal (United) and RJD has made their presence in Bihar state by registering a massive victory. The party might create a buzz in the Parliament from the beginning of Winter Session, by indicating to support the opposition party on the GST Bill.
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Due to higher rates of Goods and Services Tax (GST) along with some other issues, the growth of capital good leasing sector, which is growing at 15-20% may get tapered, said the representative body-cum-self regulatory organisation for NBFCs
GST E-Way Bill or E-way bill number on the common GST portal. The registered person would hold the choice to agree with or refuse the shipment covered under the e-way bill
ClearTax is built on top of India's Massive Digitization of its Tax Systems. They are a Bangalore based Financial-Technology platform providing solutions for Income Tax filing, GST and Mutual Fund Investments and so on.
The Duty Drawback Scheme introduced for incentivizing and facilitating exports has been continued under the GST regime. This drawback scheme is an export beneficiation where either a part, or in some cases the entire customs and central excise duties levied on inputs used in manufacturing export goods and Service tax on services used for export of such goods are refunded by the Central Government to the exporter.
3M Infocare is an imperative resource for providing all the necessary solutions regarding information technology which will help MSMEs to do business smoothly & easily
There has been this confusion over the Amendment of Entry 84 of the Union List following which the Centre can levy excise only on petrol, natural gas, crude petroleum, high-speed diesel. The Finance Ministry clarified with a notification saying there is 'no legal infirmity' in the notifications issued by the Govt with regard to the GST Constitution Amendment Act.
The Central Board of Excise and Customs (CBEC) has called for inputs on duty drawback rates from Export Promotion Councils and other top-tier industry bodies. Just like every other year, major stakeholders are to send across their views on the crucial refund mechanism for exporters. But unlike every other year, this exercise must consider the disruptive effects of the new GST regime on exporters
Minister of Commerce and Industry, Nirmala Sitharaman on Friday said that the demands of the US tech-giant Apple regarding tax sops in order to establish a manufacturing facility in India will be looked into only after the roll out of the GST (Goods and Services Tax).
Finance Minister Pranab Mukherjee on Wednesday said he was optimistic of achieving the targeted growth of 8.5 percent if a good monsoon this year supplements the improving Indian economy. He also said that he was working to evolve consensus on the proposed Goods and Service Tax (GST).
The Goods and Services Tax has proven as trending point of the country. After over the winter session, political interference is being seen on the GST yet. Now The ruling BJP's chief leader and FM Arun Jaitely said that opposition will loss their majority in next session, therefore we will get a good chance to roll out the Bill in the Rajya Sabha.