Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The tea industry figured slow growth at the auction centres instead of global and domestic signal working in favour of the Indian market. The reason behind the confusion is generated after goods and services tax (GST) implementation in India.
In the pre-budget 2018 meeting, the finance minister Arun Jaitley discussed with state government about the current situation. The state government from Congress-led government and regional parties mentioned the revenue drop and agriculture suffering from GST implementation.
Finally, with the implementation of GST last year, India embarked into a new era of indirect taxes.The response to GST by Indian industries has been a mixed bag. The industry is slowly but surely getting acquainted with the new laws and changes brought to various sectors by it.
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.
We have already discussed the GST Impact over Handicraft industries that, how adversely it impacted the handmade products. Now, this article is about GST impact on carpet industry.
In some fruitful decisions taken by GST council to promote the tax scheme well in the society for its upbringing, there are some faults which have been captured to put a question mark on it.
Several renowned FMCG companies such as Dabur, Hindustan Unilever (HUL), Marico, Emami have performed both ‘well and hell’ in the first quarter after the implementation of GST while also, their sales have not been influenced due to destocking of GST, said industry experts.
For monitoring the progress of new indirect tax regime, Cabinet Secretary PK Sinha has written a letter to secretaries of all ministers to make a weekly report of all complaints including business entities still not registered or switched in the new regime, complaints of traders, rise in prices in the new regime, software glitches and […]
The rumours of GST implementation are viral on the media sources that the new GST regime will be delayed. The Centre government has clarified the doubts of delay in GST roll-out and said that GST will be implemented on proposed date i.e., from 1st July.
