Sellers are obligated to register themselves for Goods and Services Tax (GST) since 1st July 2017.…
Tag: goods and service tax
Government Embraced for GST Cess Shortfall of an Estimated 63000 Crores
Economic slowdown is revealing its effects in revenue collections of the government as GST cess shortfall…
GST Slab Rate of 5% may be Increased to 6% due to Revenue Concerns
GST slab rate of 5% may increase to 6% due to low revenue collection that led…
GST Compensation: After States Threaten to go to Supreme Court, FM Assures States will get their Share
GST compensation to states compromised due to lower GST revenue FY 2019-20. States including kerala threatened…
Indian States to Pile up Debt while Fiscal Deficit estimated at 3.7%: Moody’s
Moody's estimate fiscal deficit at 3.7%. Since GST implementation states are dependent on centre for compensation…
GST Council Begins Rate Review Amid Revenue Issues
GST council has started discussions to make changes in the GST tax rates. The government is…
Amendment in GST to Impact Working Capital
The government has made amendment to GST, as an ‘anti-evasion' measurement. This move set to have…