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JK Jain, Deputy Excise and Taxation Commissioner, Ludhiana division, has encouraged merchants enlisted under the Punjab VAT Act to gather their provisional IDs and passwords from the offices of their individual ETOs by December 21.
India has been an attractive marketplace for prominent Smartphone makers like Samsung, Xiaomi, and Micromax. Now, the GST rates shall be attracting these companies to locally produce phones in the country. All because the new taxation regime could counterbalance the cost benefits to manufacturing these phones in India.
Textile industries play a very important role in the development of the Indian economy with respect to GDP, Export promotion, employment, etc. It is the one of the oldest manufacturing industry in India. It is the second largest industry after agriculture which provides skilled and unskilled employment.
In this era of digitalization, Smartphones are turning into the important gadget for advanced administrations and help the general public carefully engaged, industry bodies and computerized think tanks recommend Indian government ought to offer more motivating forces to India based versatile assembling organizations.
Renowned industrialist Adi Godrej has communicated good faith over development in assembling once GST is set up and making of substantial scale employments going ahead, and named the conservation at designing major L&T as organization particular
State Commissioner of Commercial Taxes Ritvik Pandey on Wednesday said that the Goods and Services Tax (GST) will increase the inter-State transactions and will be positive to the port towns like Mangaluru.
There is a lot more discussed these days about the demonetization and GST alike their financial impact on the economy. Neelkanth Mishra of Credit Suisse says, Since November 8, the performance of Indian equities has been middling among emerging markets, though it should have been among the least affected.
As GST is almost ready to implement from April 2017, every organization has started to make future strategies. Currently, Indian drugs are exported to more than 200 countries in the world. India is the largest provider of Generic drugs medicines globally and expected to expand further experiencing a boom in medical industry which will help in generating additional returns for the Industry.
To promote exports from India, Government has provided various exemptions and incentives to exporters both at the central and state level and provide specific support to some industries and markets where exports would be of special value.
