Goods and Services Tax (GST) Archives - Page 5 of 5

April 8, 2020 / Goods and Services Tax (GST)

Fintech Companies Can Now Cash in on GST Platform Services.

The GST Network has devised a strategy to rope in fintech companies as well without compromising the security of the system.
GSTN, a not-for-profit entity, which is building the IT backbone for the revolutionary tax reform of Direct foreign investment in India, plans to enable such companies to offer services too, however, they will not get direct access to the GSTN. Instead, their services will be routed through NSDL, the National Securities Depository.

It has also been mandated …

April 8, 2020 / Goods and Services Tax (GST)

GST Council Fixes Rate Structure: All You Need To Know About The Extremely Complex Tax Reform.

The country moved one step ahead in realising the GST dream when the GST council on Thursday decided to fix a four-tier rate structure for the reform touted to be the biggest after the economic.

While the structure and decisions taken have been welcomed by a section of industry and experts, it had its share of criticisms.

Food grains will be zero rated to insulate people form inflationary pressures in Internal audit firms in Delhi.

However he clarified that …

April 8, 2020 / Goods and Services Tax (GST)

Is GST in India a Game Changer.

The Government’s plan to roll out Goods and Services Tax (GST) from April 1, 2017, has moved an inch closer to reality with the Hon’ble President Shri. Pranab Mukherjee signing the Government’s flagship GST Bill Recently . The much-awaited GST now becomes a law with President signing the GST Bill after more than 16 States (BJP-ruled Assam being the first one) ratified it in chartered accountant firm.

The introduction of GST is expected to not only make the …

April 8, 2020 / Goods and Services Tax (GST)

Centre States Make Headway On Key GST Issues.

A meeting of the empowered committee of state finance ministers convened by finance Minister Arun Jaitely also agreed to include in the constitutional Amendment bill the mechanism of compensating states for any loss of revenue in first five years of GST subsuming all indirect taxation firms in India levies including VAT.

Making headway on the long pending Goods and services tax auditing firm in delhi (GST) bill the centre and states have agreed on the principle that the tax rate …