Search results for: Goods and Services Tax

Paint makers in India have increased prices of their products several times in the past years owing to the increase in the prices of raw materials and import duties and depreciation in the rupee value.

It is a good news for private ITI students as the government has removed GST on those ITI trades (courses) which come under the Apprentice Act 1961.

Global locomotive maker which have put billions of dollars for Make in India programme of the government railways such as Alstom, Bombardier, and GE has sought to influence the finance ministry for the challenges faced under the new Indirect tax regime.

In recent raids done by the Department of Legal Metrology officers, it was found that multiple chains of electronics and electrical appliances showrooms were doing the GST transactions in a wrong way.

It is very sad to know that the great man and prestigious politician of modern times in India, Mr Atal Bihari Vajpayee has done with the life and left its complete comrade of the political family behind.

In a bid to leverage all the benefits of the goods & services tax (GST) system and to make the holding structure easier, major registered companies like Hindustan Lever, Hindustan foods and Lux Industries have started merging their unlisted businesses within them.

Due to continuous GST framework discrepancies, the government’s decision to reduce rates to 8% from 12% for the affordable housing projects seems not appropriate for apartment purchasers.

A recent order from the Karnataka Authority of Advance Rulings says that services rendered within a company by one office to another which is located in a different state will attract GST.

Post-July 2018 (one year of GST), there has been a genuine effort by the Government and the GST Council, in particular, to cut down on the burden that GST rate has had on the common man’s pocket.