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Retail has become the second largest sector after the agriculture and it has made a life time opportunity for the people working in the sector.
Goods and services tax has a direct effect on the exports of India as many of the revenue subjects are associated with the industry.
Following the implementation of GST in India, many shopkeepers are glad because of the reduced rates of their products while many others including the sweet sellers of West Bengal are unhappy because of increased tax rates on their products.
The GST Council, in association with the government, is soon going to start releasing the rate lists for different goods under GST. This is to inform buyers about the reductions in the price of products after the implementation of GST.
In a step to take a dig over the false build up of PAN number for illegal purposes, the government authority either deleted or blocked more than one lakh permanent account number (PAN). The government has taken this step to investigate fake identities while the action is considered to be very bold enough to target the shaded individuals.
According to the recent survey done by a private firm on Tuesday, it is disclosed that the history of nine years India’s factory production level fallen in July 2017, due to the implementation of Goods and Services Tax (GST).
If you aren’t getting your company-branded writing pads or pens, blame those shortage on the Goods and Services Tax (GST). For tax advisers also in-house finance teams, managing vendors that supply pens, writing pads, pencils, staplers, and printing paper-rolls has turned out to be a major challenge after the implementation of the single producer levy.
The new GST tax regime has also not exempted the individuals, software professionals and the freelancers, who dealt in exporting services and softwares. Under GST law, every individual involved in supplying any goods and service outside the country, is mandate to register self for GSTIN.
The world-renowned embroidery (Chikankari) industry of Lucknow, which employs more than five lakh people, is in a state of confusion because of the indirect tax system goods and services tax (GST) that has implemented across the country.
