Under GST reforms, a major step has been taken which will further ease the burden of GST returns filing, and encourage more taxpayers to embrace GST.
Government has now ordered all FMCG companies to revise their MRPs, with immediate effect as GST on white goods is all set to come down soon to the 28% slab
Confederation of All India Traders (CAIT,) a powerful lobby of traders and SMEs from all across country, has directly blamed Infosys for all GST glitches.
The powerful GST Council met today in Guwahati, and have removed 177 of the 227 items placed in the 28% slab. Now, only 50 items remain in the highest slab.
With GST already rolled out in public domain, Government is now concentrating on fine-tuning it to make it fairer & more acceptable to the people.
GST is the single-most disruption in Indian tax system. Some businesses have been wrongly charging GST + MRP. The govt. is looking to stop this malpractice.