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The Central Government might reduce the luxury tax slab of 28% on construction items ahead of the 2019 election. The move will be aimed to stimulate the currently dull construction sector.
Logistic Efficiency is paramount for profitable business operations. The 18-20% decrease in turnaround time for road transport sector post GST introduction are good omens for business operations.
The National Anti-Profiteering Committee owns an overarching mandate under GST. The Indian GST, a complex indirect tax structure, categorizes goods and services in five tax slabs viz.
The National Anti-Profiteering body set up under the newly introduced GST ensures that the benefits from GST rate reduction reach the consumer.
In sharp contrast to underlying industry doubts, all National Anti-Profiteering Authority orders under the goods and services tax (GST) have gone against the complainants.
India doing well in the ease of doing business criteria means an increase in foreign investments but India’s domestic industries are still getting at ease with GST.
Registered transports are in big benefits due to the implementation of GST e way bill as there are certain benefits to get the goods transported through a registered transporter.
Reserve bank of India (RBI) the highest institution went ahead in progress of multiple regulatory provisions which will impact the entire banking plethora towards a better management.
Under GST provisions, the government collects integrated tax for Goods and Services utilization and later share this collection between the centre and states.
