GST KI CLASS

GST an attempt to move towards a transparent system of taxation: Jaitely

IA NEWS NETWORK / RAIPUR Union Finance Minister today said, through the newly started Goods and Services Tax (GST), attempt is to progress towards an online, transparent system of assessments, to improve the compliance of taxpayers. Addressing a workshop on GST organised by Chhattisgarh government in Raipur, he said GST will improve people’s enthusiasm in … Continue reading GST an attempt to move towards a transparent system of taxation: Jaitely

Troubles in implementation of GST will be overcome shortly: Naidu

AMN Information and Broadcasting Minister M. Venkaiah Naidu has said, any troubles in the implementation of Goods and Services Tax (GST) will be overcome shortly. Addressing a conference on the new tax regime in Chennai this morning, Mr Naidu said, it is historic that the power to decide on taxes has been transferred from the … Continue reading Troubles in implementation of GST will be overcome shortly: Naidu

Govt Launches App to Verify Tax Rate under GST

The Goods and Services Tax or GST  has become operation from 1st of July, and it is believed to revolutionize the way of doing business and and paying  taxes. But what is GST and how will it reform the current tax structure? And most importantly, why does the country need such a huge overhaul in … Continue reading Govt Launches App to Verify Tax Rate under GST

GST: Basic Concepts of Transition & Invoice

The Goods and Services Tax or GST  has become operational from 1st of July, and it is believed to revolutionize the way of doing business and and paying  taxes. But what is GST and how will it reform the current tax structure? And most importantly, why does the country need such a huge overhaul in … Continue reading GST: Basic Concepts of Transition & Invoice

GST Master Class: Composition and record keeping

The Goods and Services Tax or GST  has become operational from 1st of July, and it is believed to revolutionize the way of doing business and and paying  taxes. But what is GST and how will it reform the current tax structure? And most importantly, why does the country need such a huge overhaul in … Continue reading GST Master Class: Composition and record keeping

Know the Concepts of GST: Registration and Migration

The Goods and Services Tax or GST  has become operational from 1st of July, and it is believed to revolutionize the way of doing business and and paying  taxes. But what is GST and how will it reform the current tax structure? And most importantly, why does the country need such a huge overhaul in … Continue reading Know the Concepts of GST: Registration and Migration

Fine of 1 lakh and jail term if post GST rates are not printed on inventory

AMN Government has warned manufacturers of a fine of up to one lakh rupees, and a jail term, if new post GST rates are not printed on the inventory. Briefing reporters in New Delhi yesterday, Consumer Affairs Minister Ram Vilas Paswan said, manufacturers have been allowed to clear the unsold stocks by September with new … Continue reading Fine of 1 lakh and jail term if post GST rates are not printed on inventory

CGST won’t apply on items not registered under trademark law

AMN The government today said 5 per cent Central GST will not apply to products that are not registered under the Trade Marks Act. Finance Ministry in a statement said CGST rate on supply of certain goods such as paneer, natural honey, wheat, rice and other cereals, pulses, flour of cereals and pulses is zero. … Continue reading CGST won’t apply on items not registered under trademark law

“Govt closely monitoring price, supply situation post GST implementation”

TIA NEWS Government is closely monitoring price and supply situation of commodities following implementation of GST. Briefing media in New Delhi, Revenue Secretary Hasmukh Adhia said media campaign is on to educate people about the reduction in commodity prices after the implementation of GST. Mr Adhia said, yesterday Cabinet Secretary P K Sinha chaired the … Continue reading “Govt closely monitoring price, supply situation post GST implementation”

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