Service tax litigations on rise due to GST absence.

Service tax litigations are on rise due to absence of pan India GST. The experts have opined that due to absence of GST there has been several ambiguities and double taxation around Indirect tax.

GST network to be soon implemented across India.

The Goods and Service Tax Network (GSTN) will be ready soon for implementation across the country.
"Our network will be ready by June for introducing the GST at the Centre and in all states."GSTN CEO Prakash kumar said.

Amit Mitra new head of GST panel.

West Bengal finance minister Amit Mitra is the new chairman of empowered committee of state finance ministers on GST. Mitra will succeed kerala finance minister K M Mani, who had to resign in November due to corruption charges.

Ease of doing business is still a long way.

Several measures have been introduced to make India an attractive investment destination and to ensure our economy is steered towards growth.The country has seen lot of investment flowing in with positive sentiments built around the successful campaign such as Make India, Skill India, Digital India and Clean India. Ease of doing business continues to remain the buzz word, inter alia all business expectations.

Apply GST on factory price of textiles says Industry.

The textile industry has warned the government that if GST is levied on maximum retail price (MRP) as proposed then it would have mutiple ill effects on entire sector.

India changing tax laws for stability and predictability says Arun Jaitley.

This is the transformation phase where India is gradually transforming most of the taxation laws for a greater degree of stability and predictability, says Arun Jaitley.

GST is likely to have an impact on renewable energy sector.

The latest finding from the study has revealed that the GST implementation will increase the cost of renewable energy systems by upto 20 %.