The State has also sought lower GST rates for beedi, granite and textiles sectors
Bihar Chief Minister Nitish Kumar will also not attend GST's midnight launch event
J&K Legislative Assembly will meet for a special session on Monday to discuss the issue
Announcement on reduction in fertiliser GST rate is expected in coming weeks
GST will be launched at 7 12 am midnight
Obtaining registration under GST is critical for undertaking the ensuing compliances
Trai had favoured reducing USO levy to 3% compared to 5% of telcos' revenue
The protestors warned govt that if govt doesn't quit rigidness then they will intensify agitation
Oppn party, Congress, backed the chamber and urged traders in the capital city to join the strike
Know what terms like anti-profiteering, CGST, SGST, IGST means in the new regime
GST in various slabs will be implemented throughout the country abolishing old tax structures
Barely two days to the roll out of the Goods & Services Tax (GST), the jute industry is grappling with invoicing worries to migrate to the new taxation regime.Jute transactions are usually carried out through commercial invoices. Issue of commercial invoices are mandated by the office of the Jute Commissioner and has been a consistent trade practice. Commercial invoices are raised since they are required by the Jute Commissioner's office for releasing payments and recover reimbursements which could not be put in the excise invoices as the freight amount is known only upon issue of railway receipts. However, under the Rules of Central GST and State GST, only a GST tax invoice can be issued and commercial invoices are not allowed. The fuss on the invoicing mechanism has brought jute despatches to a standstill."The jute industry is now in a complete standstill. The industry stakeholders are not aware of the billing procedures. More clarity is needed on invoicing procedures", said a ..
Institute adds that the GST regime would yield Rs 6,700 cr to the Delhi exchequer in the current FY
Under GST, the small and medium industries would have to handle things on their own
GST will usher in a simplified tax structure and bring in cost efficiency
Finance Minister Arun Jaitley meets industry bigwigs; officials on stand-by
With GST, transport and logistics transformation is about to begin
The move aims to curb tax evasion and streamline tax structure
The GST will replace about 20 federal and state taxes
In concluding part, BS finds Ludhiana's garment & other small industries wary of changing tax reform