Post GST Impact on Capital Goods and Asset Developing Industry
The positive and negative impacts of the implementation of the Goods & Services Tax in India are visible in almost every major business sector of the country.
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Here on this page, we have covered almost all the relevant articles based on the Goods and services tax. The GST article posts cover extensive topics concerning registration, GST filing process, Form details, and much more.
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The positive and negative impacts of the implementation of the Goods & Services Tax in India are visible in almost every major business sector of the country.
Every year India International Trade Fair Event is conducted in the Pragati Maidan in New Delhi, this year is the 37th anniversary. The event started from 14th November will continue till 27th November, is open for the general public.
Goods and services tax has been proving a mixed concentration for the Indian business industries as from the time of implementation, its effects are widely known to be a combination of both good and bad.
Under the GST, the exports of taxable goods or services are treated as zero-rated supplies. It means that the suppliers will not have to pay any GST on any of their exports.
Goods and services tax has given a growth in both automobile sales as well as oil demand in India due to its taxation structure. The rise in oil demand is attached to the increased sales in passenger cars and utility vehicles after the announcement of GST and its relevant tax rates on automobiles.
GST has become the topic of debate for the opposition party and we couldn’t see any changes in the conduct even after the Modi government reduced products under 28% slab rate in 23rd GST Council meeting.
The 23rd GST Council meeting in a row to make GST more effective proved to be big contentment for most traders with the council pronouncing a set of measures that reduced the compliance burden and tax rates on some eatery goods.
Goods and service tax has taken a lot of attention recently due to economic factor. One for advancement and another for its drawback related to strict compliance introduced.
Every online business generates revenue by advertisements and selling through affiliate marketing. Under GST (Goods and Services tax) regime, the provisions are clearly mentioned for e-commerce operators.