Cheaper Or Costlier? How GST May Impact Prices Of Goods GST or goods and services tax changed the indirect tax landscape of the country from July 1 by subsuming over a dozen of state and central taxes. Since GST is meant to eliminate “tax on tax”, experts say overall tax burden on goods is expected … Read more
President of India addresses special function in Parliament organized to launch GST The President of India, Shri Pranab Mukherjee graced a special function organized to launch the Goods and Services Tax (GST) in the midnight of June 30- July1, 2017 in the Central Hall of Parliament House, New Delhi. Speaking on the occasion, the President … Read more
Finance Minister holds Meeting with the representatives of trade and industry; Ask them to pass on the benefit of GST to consumers The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley asked the representatives of Trade and Industry to ensure that all benefits arising due to implementation of GST from 1st July, … Read more
Relaxation in return filing procedure for first two months of GST implementation With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the … Read more