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With a proof to justify the statement of higher GST rates on realty sector, the Mumbai comes forward to show the higher number of unsold apartments due to the unaffordability of buyers reasoning higher taxes.
Due to the GST implementation, even foreigners and tourists are backing up in purchasing gold which they otherwise entitled to claim. The absence of refund mechanism has to lead to dump in sales of gold by NRIs and foreigners.
GST Refund Fortnight is a scheme by the GST council to address refund issues related to the exporters in India. The scheme would be observed from 16.07.2018 to 31.07.2018 across all field formations to deal exclusively with pending GST Refund Claims (IGST & ITC).
In a statement made on the occasion of the World Consumer Rights Day, Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan said that the government is not going to extend the date for selling pre-GST stock with revised MRP after this month.
In a report presented by a Parliamentary panel chaired by Kirit Somaiya, it is mentioned that the Textile Ministry should try to convince the Revenue Department and Finance Ministry to reconsider the overall structure of the Goods & Services Tax (GST) for the textile sector.
LUT or the Letter Of undertaking is a hot term these days. LUT is paramount for exporters and traders. Export volumes are the real and only parameter that determines the growth rate of a country.
CBEC Chairperson Vanaja Sarna told that income authorities will set up the camp in the nation for a fortnight starting from March 15 to ease the exporters’ GST refund woes.
The Madurai bench panel of the Madras high court ordered notice to the secretary of GST council on Friday about the case looking for GST exclusion on footwear esteemed beneath Rs 500.
The Union Government launched the biodegradable sanitary napkins ‘Suvidha’ to mark the 2018 International Women’s Day.
