GST is about to get a year old. And post discussions and reviews, the Central Government is set to introduce a total of 35 amendments.
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GST is about to get a year old. And post discussions and reviews, the Central Government is set to introduce a total of 35 amendments.
The last date for sale of pre-GST packaged goods has now been extended till July 31. The pre-GST goods, however, must be sold with stickers on them and must reflect the changes in MRP (increase or decrease) post-levy of the new GST rates.
The Fiscal Year 2018 recorded a 7.2% decline in securitization volumes. While there are many reasons for a decline, increase in PSLC volumes by banks and GST ambiguities are the major reason for the decline.
The upcoming Monsoon Session of the Parliament is all set to table amendments in the GST which will also be completing its 1st year since introduction on July 1st.
India doing well in the ease of doing business criteria means an increase in foreign investments but India’s domestic industries are still getting at ease with GST.
The Indian handset manufacturers have sought clarifications regarding the taxes applicable on smartphone batteries and asked for the rationalisation of the taxes.
Under GST provisions, the government collects integrated tax for Goods and Services utilization and later share this collection between the centre and states.
The Institute of Chartered Accountants of India (ICAI) is going to start certification course on GST. The certification courses will specifically be for girls and will be conducted in 70 girls colleges across the country.
The current sorry state of the once flourishing Surat’s Textile Industry can be attributed to the policies of the State Government.