Sitharaman said that the finance bill will look into the taxation process keeping in mind the agenda of ‘Make in India’.
Tag: Goods and Service Tax
The IT backbone of the Goods and Services Tax was not given enough time to prepare a system to the satisfaction of the GSTN which led to the glitches in the implementation of the new tax regime, a top official said. However, he added, the system had now stabilized and[Read More…]
Kolkata: Principal Economic advisor to the Finance Ministry Sanjeev Sanyal on Saturday said Goods and Services Tax (GST) slabs may be brought down to three along with the exemption category in order to further simplify the country’s tax regime. The lower rate will be five per cent, the middle bracket[Read More…]
Much hype has been created by innumerable of people as concepts of the newly-implemented Goods and Service Tax( GST) are unclear to them. In relation to the same, Ministry of Skill Development and Entrepreneurship has offered a GST Training programme to give an extensive training on the concept of the[Read More…]
As GST rolled out this month, rumours were doing rounds on social media stating that the churches and mosques have been exempted from GST. The Finance Ministry made it clear that they are encouraging no religious distinction under the Goods and Service Tax. The rumours which could strike a religious[Read More…]
Goods and Service Tax (GST) is in its final stages of revision before it is implemented countrywide on July 1, 2017. While GST has rendered the car as a luxury commodity, its recent release of tax structure has had a mixed bag of news for the automotive industry. After a[Read More…]