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Talking about the most intense and crucial tax system being applied within the Indian parameters of taxation would cert5ainelty require some aftermath even after the implementation and this will going to be soon.
The Delhi minister is very much concerned about some major issues ahead of GST as he thinks in the way which is known to be very much beneficial and thoughtful, as the intention is that land and real estate ought to be brought inside the Goods and Services Tax (GST) administration and shopper durables ought to be exhausted at the most minimal chunk to make the new
In the wake up of GST many policies are arriving in the hands of all the ministries who are delicately concerned about the economic progression, and in the same direction, transportation ministry has proposed a vehicle scrap policy which will wipe out approximately 28 million commercial vehicles which have completed 15 years of tenure. This is a vast policy to be implemented in the vision of cumulative figures as it will impact various sector deeply.
The most cherished deal taking place currently on Indian shores is about Apple Inc to start their manufacturing plants here in India and to establish a home origin gadget distribution for the country. The plan to set up this gigantic production facility will not only provide the country locals with pocket-friendly devices but will also increase the economic situation of the nation.
One of the most reputed economist and policymaker, Vijay Kelkar, offered the fifth C.D. Deshmukh lecture organised by National Council of Applied Economic Research. Kelkar, while speaking upon Reflections on the Art and Science of policy making, introduced a case for the promotion of competition driven market economy in India.
Yesterday, Revenue Secretary Hasmukh Adhia suggested the proposed Goods and Services Tax (GST) as a merger to subsume all cesses except those on petroleum.
The Healthcare Federation of India (NATHEALTH) has suggested a 5% GST rate on the healthcare supply chain like medical equipment supply to hospitals. Presuming that the GST rate on the sale of diagnostic services by the hospitals to the patients will likely to be kept exempted from the indirect taxes.
While exhibiting the Union Budget 2017-18 in the Lok Sabha, Finance Minister Arun Jaitley Today said the government is ready for implementation of the Goods and Services Tax (GST) and will start reaching out to the industry very shortly by April 1 to spread awareness about the GST regime.
Speaking at a state-level tax advisory committee meeting for the preparation of the state budget, Rajasthan chief minister Vasundhara Raje on Tuesday said Goods and Services Tax (GST) will simplify the tax structure and boost the revenue model of the state. Holding the discussions with representatives of the industry bodies, tax experts and briefed suggestions for the state budget.
