Goods & Services Tax

There is finally some good news, related with job creation in India. As per initial vibes received by recruitment agencies and Staffing agencies, it seems that GST can be a trigger to create more jobs in the coming days. As per…

In today’s GST update, there is both good news and bad news for the consumers. While Govt. has decided to reduce GST tax slabs for 66 items, which means now more products would be cheaper; fear about the shortage of heavily used FMCG…

GST Council has provided their green signal to the GST roll-out on July 1st. This means that every state has confirmed their readiness and agreement in the pan-India rollout of Goods and Services Tax regime, which will implement one…

The final meeting of the GST Council happened on Friday, and they came out with a 213 page draft which had the complete list of the products with the slabs of tax rates. It provides a complete laydown of the different rate of taxes on the…

Federal Reserve System, which is US’s central banking system, has prepared a report according to which Goods and Services Tax (GST) regime will boost our GDP by 4.2%, which is Rs 6.5 lakh crore. Note here, that Rs 6.5 lakh crore is…

India’s leading association of traders and merchants, Associated Chambers of Commerce and Industry (Assocham) has complained that current definition and scope of e-commerce under Goods and Services Tax (GST) regime is ambiguous and…

As per latest information coming out related to implementation of GST regime, it is now clear that service tax is all set to increase under the new tax structure. As per statements issued by Revenue Secretary Hasmukh Adhia, we have…

The rollout of Goods And Services Bill (GST) is now 99% confirmed effective July 2017. After Lok Sabha passed 4 crucial bills related to GST late last month, Rajya Sabha has cleared the bill without any modifications. Now, only…

After 7 hours of intense debate, Lok Sabha finally passed 4 crucial GST bills, which means that July 1st rollout of GST regime across India is now almost confirmed. The GST Bills approved by the Lok Sabha now needs state level…

Amazon India has decided to embrace GST (Goods and Services Tax) regime in a massive manner. Understanding its importance, and relevance for all traders, businesses and public at large, Amazon India has launched extensive programmes and…