GST, which promises to be an ambitious tax reform, may not ease the compliance burden or improve the ease of doing business claim industry sources. They point at provisions in the final draft of the GST law to get reluctant states on board. Revision of GST orders for three years, permitting officials to check vehicles in transit, levy of up[Read More…]
The government is known to have come out with a comprehensive document on taxation rules and procedures for various sectors, including the taxi aggregators under the Goods and Services Tax (GST). Over 500 questions compiled in the form of Frequently Asked Questions (FAQ), the Central Board of Exise and Customs (CBEC) is known to have covered registration, valuation and payment,[Read More…]
A report from the global financial services firm HSBC has attempted to put an end to uncertainty surrounding the implementation of Goods and Services Tax (GST). A long awaited tax reform, which is expected to bring about transparency in taxation and simplify the taxation procedure that currently prevail, including some that lead to double taxation, GST, the HSBC report said,[Read More…]
Article by: Bhushan Mhapralkar By the time of going to press the Goods and Services Tax (GST) bill had yet to find favour with a majority of lawmakers in the country. After being discussed for almost a decade, the bill continues to be in front of a parliamentary committee. Claimed to have far-reaching economic consequences, and pan-India, the bill has[Read More…]
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