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All under-construction properties will invite a GST of 5 per cent with no input tax credit. However, GST will not be applicable to ready-to-move-in properties.
The retail stores owned by the Tata group under the brand name of Croma, are yet to expand further with around 50 more stores in coming five years which will be taking the Infiniti Retail store chain to a number of 140.
It has been about 2 months since GST was implemented in the country. The main aim of implementation of new tax regime is one nation, one tax, one market.
Tamil Nadu saw a significant discussion meeting recently in which Salem Central Excise and Service Tax Commissionerate made some important clarifications on Goods and Service tax regime which is destined to roll out on April 1, 2017, absorbing all the indirect taxes currently prevailing in the nation.
The biggest tax reform i.e. Goods and Services Tax is now a part of Indian Economy. A new and unified tax structure is followed for indirect taxation on the place of various tax laws like Excise duty, Service Tax, VAT, CST etc.
E-commerce or electronic commerce (an online shopping hub) manages the buying and selling of products and services exclusively through electronic channels. E-commerce captures around 33% of the global market with a positive growth in near future.
The Kerala govt is yet to ratify the GST ACT and the CPI(M)-led LDF government, state Finance Minister T M Thomas Isaac has protested against the procedures that are being adopted by the GST council scheduled on September 22 and 23.
GST is the biggest tax reform in India after the Independence. We have taken almost 60 years to pass a tax bill in which a uniform taxation system will be implied to all over the nation.
The implementation of the Goods and Services Tax (GST) in India posed significant challenges for the cement sector. The initial decision by the GST Council to apply a high 28% tax rate placed a heavy financial burden on the industry, which was already dealing with escalating costs due to rapid urbanisation and an expanding infrastructure […]
