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29/06/2018

THE GST IRREGULARITIES THE GST ACT

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 Instead of most indirect taxes, GST has been replaced by them. 0, 5, 12, 18, 28 shlub, taxes for various goods and services, education, medicine, fresh vegetables and many food products are provided by GST.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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