All retail chains and shopping malls are preparing for a Mega Sale around the year-end and the reason is well-known disruption caused by GST.
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All retail chains and shopping malls are preparing for a Mega Sale around the year-end and the reason is well-known disruption caused by GST.
The government is continuously working upon to make the GST filing process easier so that the taxpayers don’t face any difficulties in filing returns at GSTN portal.
Bimal Jalan, former RBI governor, has advised that the GST council needs to transfer the authority from the centre to local governments because preferences of states are diverse according to the poor and rich status.
The economy has slowed down due to demonetization and GST implementation. The impacts can be seen on the business of many companies, but, it didn’t affect the market of khadi.
The Central Government has released fund amounting Rs 8,698 crore to the states as compensation, after the implementation of the indirect taxation system.
The Group of Ministers (GoM) Committee has suggested some changes to make the composition scheme more attractive and by lowering taxes with a flat 1% tax on restaurants.
Prime Minister Narendra Modi recently in its meeting said that, with GST implementation, a new business culture is developing for the country and in the long perspective consumers will be benefited with this.
According to the report by Global Research and Analytics Firm, frequently used household products such as toothpaste, soap, edible oil, instant noodles, soap and much more are anticipated to get an increase in demand of 2-5% in coming 12 months.
The Legal Metrological Department of Telangana government is all set to initiate a special check in the State after receiving so many complaints from the public about businesses are imposing GST over and above the MRP mentioned on the packet of the goods.