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Iron Handicraft industry, which exports products to foreign countries and earns foreign currencies in crores, is in dilemma after Goods and Services implementation as due to various anomalies in IGST and GST, they are suffering from an economic slowdown.
Where the big businesses are continuously appreciating the efforts done by Modi government, the small businesses are sharing another story of discontent.
Banaras Hindu University and its affiliated colleges, Vasanta Rajghat, RGSC, Arya Mahila and DAV degree college will be including GST as the part of the study from January 2018.
Banarasi Saree and carpet Industry in a dilemma due to issues with GST procedures. Specifically, the constituency of the PM Narendra Modi, Varanasi and nearby areas are facing problems in continuing the business.
After the GST implementation, many changes have been taking place to make it a better tax reform in India. As Goods and Services Tax Network (GSTN) is the IT foundation of the newly integrated indirect tax regime, the GST council is putting efforts to make it more compatible according to taxpayers.
SIAM which stands for Society of Indian Automobile Manufacturers is a significant Industry body for automobiles and engine manufacturers in the country.
A senior official mentioned in a statement that the government may permit the use of stickers to show reworked maximum retail price (MRP) on stocked goods of pre-GST for three months until March 31.
In a lieu to aware businesses about wrongful conduct in input tax credit claim, the Finance Ministry requested the businesses to relook at the claims from earlier tax regime
It has been more than five months after GST implementation, but experts are still confused and not able to reevaluate the stir-clear benefits of GST in various sectors.