High GST Rate will Influence Sales on Electric Vehicles (Without Batteries)
According to the industry insiders, higher tax rates levied on batteries used in electric vehicles under the indirect tax regime may be a major barrier for the government.
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According to the industry insiders, higher tax rates levied on batteries used in electric vehicles under the indirect tax regime may be a major barrier for the government.
Goods and services tax recently surfaced in the Indian economy and has affected a lot of sectors. Here we can see a detailed picture of what GST have done to the steel industry in India.
It is necessary for a large corporate business to the small one to be updated and file the GST returns very carefully because it can lead to errors which can cost a penalty or money hold with electronic cash ledger.
ARN is an acronym of Application Reference Number which is created at the time of submitting enrollment application that is signed electronically or Digital Signature (DSC) at GSTN Portal. Under this, a unique number is provided for doing any transaction at GST System Portal. It must be noted that ARN can also be used in the future course of GST.
For many service-class people, it is a struggle to file an income tax return (ITR) or to make savings declarations at the beginning of the financial year, because many people do not have a better understanding of it. And worthwhile, by making accurate savings declarations, the individual can avoid heavy income tax and can also […]
This time with the upcoming goods and services tax regime in India, a new vigilant and supporting task has been tucked with the tax authorities in order to grow the tax paying data to a further more bit by the help of peer pressure in general.
Contrasted with different businesses, the dairy segment has coordinate branches on the drain makers in India. In spite of the fact that most recent data is demonstrative that GST (Goods and Services Tax) would be connected at least 18% on all items, regardless of whether it is pertinent for all dairy items is not yet clear. It would be shocking if such a section is connected to prepared dairy items.
All under-construction properties will invite a GST of 5 per cent with no input tax credit. However, GST will not be applicable to ready-to-move-in properties.
E-commerce or electronic commerce (an online shopping hub) manages the buying and selling of products and services exclusively through electronic channels. E-commerce captures around 33% of the global market with a positive growth in near future.