Thousands of business people trying to get the registration of Goods and Services Tax (GST) are facing a lot of trouble these days. With the migration of existing registered businessmen, for the new registration, the load on GST of GST opened on June 25 for gst.gov.in is so much that the site is being open very difficult.

The government has postponed an important provision of GST. Under this, it was necessary for the e-commerce players to deduct tax on payment made to their vendors. GST is to be implemented soon ie July 1. Small businesses supplying e-commerce platforms will not be required to register for this immediately.

Under the GST, there is a provision of tax concession in the real estate projects that the land value is less than 33%, but in some cases it can show the cost of builders and the reverse of the customer’s pocket.

With the introduction of GST, where there is talk of being easy for businessmen on one hand, there is a lot of enthusiasm in the job market. Experts say that with the introduction of GST, opportunities for one lakh new jobs will be created in recent times.

The Reserve Bank of India surprised the banks on Friday night. For the cases being taken to the banker’s court, the RBI has made huge increase in provisioning. This may result in a jerk of Rs 50,000 crore in the financial year 2018. Two bankers aware of the RBI order have said this.

After the implementation of the goods and services tax (GST) from July 1, many services can be expensive. Just a few days before the GST was implemented, hotels, credit card companies, banks and insurance companies have started to alert the customers.

The e-way bill’s provision under GST, will promote the extra paperwork and processes so it is contrary to the spirit of the tax reform.

The Ministry of Electronics & Information Technology has launched a dedicated webpage for facilitating taxpayers with regard to addressing issues related to IT services.

The traders who do not give customers less tax benefits under the Goods and Services Tax (GST) will have to face penalties and their licenses can be canceled. Under the new anti-profit rules issued on Tuesday, the five-member National Anti-Profit Authority has been empowered to compel the reduced price of low tax.

DIR-5 (Application for surrender of Director Identification Number) will be deployed as an e-form for filing purposes w.e.f 21st June 2017.

Millions of traders migrating to GST from current tax regime like excise and VAT are currently undergoing both adventure and stress. The biggest concern is the old goods lying in the store and warehouse, on which the input tax of the taxes paid is to be taken in the new tax regime.

The largest Indirect Tax Reform in the country will be applicable from July 1st. The GST Council, the top unit for Goods and Services Tax, stamped the deadline already fixed.

If you are paying the installer for installments for your flat then you may have to pay 12% GST after July 1. Right now you pay 4.5% service tax, but after GST it will be 12 percent. In the same way if you buy a house in a project after July 1, which has been completed or is close to it, you still have to pay 12 percent GST.

With the emphasis on the startups of startups like Flipkart and Ola, they have been brake on the magnificent increase in the salaries of their employees. The salary of these employees was 3-4 times higher than the industry average, but now they are matching their counterparts in the traditional sectors.

Many retail companies have made huge cuts in the price for the stock. Goods and Services Tax (GST) will be implemented in a few weeks. Because of this, retail companies have started this year off and season sales a month ago. Sportswear brand Puma is offering 10% extra discount on its stores with 40% flat discounts.