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Goods and services tax will be developing some tough situations for the business units to survive with the hectic compliance issues. As it is speculated that small and weak credit profile companies will be having more difficult issues.

Goods and Services Tax (GST) can bring huge discounts before its introduction impelling the mobile manufacturers and retailers to remove their old stock from July 1. With the introduction of GST, the price of mobile handsets can be increased due to tax factors. It is speculated that some handset brands can offer discounts on both online and offline basis along with retailers who would cut some of the prices.

In a market where industries are trying every bit to get some exemptions in tax rates, the tractor industry comes with the astonishing demand to levy tax over the sector. It is weird as well as logical in the light of the fact that after not getting chargeable to the excise on the output which will ultimately hold back the manufacturers from claiming any credit for the taxes and duties paid on the input.

Frank Appel, CEO, Deutsche Post DHL has been interviewed recently by an imminent newspaper firm to understand the emerging impacts of GST. Mr. Frank was open to say that the Asian countries will be ones who will grow faster than the developed countries at a consistent rate and not with a overwhelmed double-digit pace.

The government is leaving no stone unturned in the scenario to acquire the mighty powers which will help them to tackle the vast income grounding currently at a peak in the nation. Now the new