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The Research published by the credit-rating body ICRA has brought good news for the Indian Corporate Sector. Aided mainly by the festive season, the sector has shown recovery from the initial jolt felt during the transition phase of the newly implemented GST tax regime.
With the implementation of the biggest reform (GST) in the modern history of India, the expectations were quite high. It is meant to benefit the businesses and economy equally coming under the ambit of Goods and Services Tax.
According to The Associated Chambers of Commerce and Industry of India (Assocham), if the Realty is put under the GST, it is required to come with moderate rate and stamp duty, without attaching the cost of housing and construction.
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.
India is a hub of sports-loving people. Whether it’s cricket or athletics, we are always excited to watch our favourite players and encourage them to win. We have a potential to grow in sports and to represent our country at international level.
The sub-section (2) of section 146 of the Customs Act,1962 (52 of 1962) defines Custom house agents as the persons registered, provisionally or else, to be employed by the licensee to help him in his work as an agent. There are so many confusion regarding the Custom House Agents provisions under GST Regime, so here is the article to solve all the doubts pertaining the same.
India is the fifth largest producer of electronic waste (e-waste) across the globe. We generate 1.85 million tonnes of electronic waste annually. Under the Goods and Services Tax Regime (GST), e-waste industry has not been properly defined by the government under any of the GST slab rates.
After the implementation of the new regime, the service sector of the country improved the business conditions in the month of June. According to the survey report, Nikkei Purchasing Managers’ Index (PMI), services grow to an eight- month high of 53.1 in the month of June from 52.2 as compared to previous month.
Nagpur is one of the states that will be profited with the implementation of Goods and Service Tax Compliance in India because it is located in the centre. Aniruddha Ghude, the chartered accountant, said that, To avoid unnecessary logistics costs, companies will be bound to set up manufacturing plants around the city because of its central location.
