New Delhi, June 29 (way2newstv.in)
Merchants
do not pay the goods and services tax (GST) that the central government
has brought to the force. The majority of businesses are trying to
exterminate taxes. The GST investigation department has identified over
2,000 crore defaults in two months.
Almost one percent of companies registered under the GST show that 80
per cent of the tax revenue is earned by companies. According to GST's
Director General and CBC Member John Joseph, naturally smaller firms
make a mistake in the filing of GST returns, but the big and
multinational corporates are hiding facts. According to Joseph, the GST
is more than 1.11 crore registered entities across the country. 80 per
cent of the tax revenue is due to merchants who are not even 1 lakh. He
participated in an Assocham program. The single country .. The single
market .. 1,200 items with more than 500 products and more than 500
services were added on July 1
last year. Instead of most indirect taxes, GST has been replaced by
them. 0, 5, 12, 18, 28 shlub, taxes for various goods and services,
education, medicine, fresh vegetables and many food products are
provided by GST.
THE GST IRREGULARITIES THE GST ACT
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