The goods and services tax (GST) provision, requiring any good more than Rs50,000 in value to be pre-registered online before it can be moved, is likely to kick in from October after a centralized software platform is ready. The provision, called the e-way bill, would be implemented after infrastructure for smooth generation of registration and … Continue reading “E-way Bill System in GST to Come from October”

If the new MRP sticker is not imposed after the GST is applied on the surviving old goods, then a fine of up to Rs 1 lakh including a jail sentence can be fined.

GST has been implemented, but many small businessmen who have not yet registered and those businessmen who have a provisional GSTIN number are very confused about the input tax credit from invoices.

People will have to loose their pockets to buy LPG gas cylinders from July. Due to the reduction in GST and subsidy, people will have to spend additional 32 rupees now. In addition, two years of compulsory surveillance, installation, new connections and additional cylinders documents have to be spent more on administrative fees.

On Friday night, India imposed the largest tax reform on its land, with the introduction of Goods and Services Tax (GST) on Friday night. This is not only a change in the tax system, but it will also make a big difference in the federal structure of the country.

On Friday night, like the clock fork will play 12, the new tax system Goods and Services Tax (GST) will be launched all over the country. There are some such places where after the independence, the biggest tax reform will be affected immediately after its implementation.

Most of the grocery, household and personal care products, prices of Goods and Services Tax (GST) will remain as long as 6-8 weeks after the implementation, because the companies will try to increase their operational cost from new taxes.

There are only two days left to implement GST. In this way, across the country from Big Bazaar to Amazon, all retailers are busy living out of their own stock.

E-commerce retailers are trying their best to finish their pending stock. They are luring customers by giving discounts.

Indian Railways can also face some problems with Goods and Services Tax (GST). This can increase the cost of railway signaling, telecom, electrification and new coaches, locomotives and wagon.

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.