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Fraud even in the name of GST ; Common people are the victims

Ut World February 27, 2023 0

Do you have to pay GST along with the bill while eating at small restaurants… From now on, when you get the bill, see whether GST is also included in it. If so then you must say that you are being deceived. The law states that small hotels with a turnover of less than one […]Continue Reading

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No GST On Perks To Employees, Clarifies Government Tax Body

Ut World August 3, 2022 0

The Board of Central Excise and Customs (CBIC) has made it clear that benefits provided by employers to employees are exempt from the Goods and Services Tax (GST). An employee’s services provided to the employer while they are employed will not be regarded as a supply of goods or services, according to a recent circular. […]Continue Reading

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No GST On Cereals, Pulses, Flour Weighing Over 25 Kg: Finance Ministry

Ut World July 18, 2022 0

The 5% GST charge is not applied on single packets of unbranded, pre-packaged, and labelled food commodities such cereals, lentils, and flour that weigh more than 25 kg. The Central Board of Indirect Taxes and Customs released FAQs late on Sunday night to allay various concerns. They stated that only pre-packaged items weighing up to […]Continue Reading

Business

GST – Proposed booster to the real-estate sector – Real or Surreal

Ut World March 19, 2019 0

The real-estate sector has consistently played a pivotal role in the country’s GDP. Reports suggest that the real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 and would contribute 13 percent of the country’s GDP by 2025. In the immediate term, in a report published by […]Continue Reading

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Assembly election result not favourable for BJP

Ut World December 11, 2018 0

It seems that the BJP has failed to win the heart of the Hindi heartland this time. As per a latest report, the Congress Party has performed far better than expected in Rajasthan and Madhya Pradesh –both ruled by the saffron party at this moment- in the crucial assembly election. The report also indicates that […]Continue Reading

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Former FM Yashwant Sinha criticises FM Arun Jaitley

Ut World November 15, 2017 0

Since the implementation of the Goods and Services Tax, many political leaders have come forward with statements declaring their disagreement. Yashwant Sinha, the former Finance Minister, has been one of them who have openly alleged that there are flaws in the Goods and Services Tax regime. In the latest interview, the former FM has alleged […]Continue Reading

Business

Number of items under highest tax slab reduced to 50

Ut World November 11, 2017 0

Aiming to help common people and to increase the ease of doing business, the Goods and Services Tax Council has taken some serious measures, including the reduction of the tax rates of certain goods and the liberalisation of the return filing process, in the twenty-third meeting of the council which held at Guwahati. Now, the […]Continue Reading

Business

GST council set to close loopholes created by ‘Composition Scheme’

Ut World November 10, 2017 0

There have been reports that some business conglomerates are misusing the provisions of ‘Composition Scheme’ which is aimed at helping small business entities functioning in the country. It seems that the authorities have identified this loophole created by one of their schemes related to the Goods and Services Tax. In the twenty-third GST council meeting, […]Continue Reading

Business

‘GST adversely affects Indian businesses’: Experts

Ut World September 14, 2017 0

Offering disappointment to those who are expecting some huge benefits from the massive efforts initiated to change the tax system of the country, some business experts have claimed that the Goods and Services Tax system adversely affects the Indian business sector as the investors show reluctance to invest in our business sectors due to its […]Continue Reading

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Protests arise over India’s move to impose 12% GST on sanitary napkins

Ut World July 14, 2017 0

Severe protests have emerged over the Indian authority’s move to impose twelve per cent Goods and Services Tax on the sanitary napkins sold in our markets, with Congress Party’s Member of Parliament Sushmita Dev launching an online petition demanding the reduction of the tax on these materials from twelve per cent to five per cent […]Continue Reading