Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
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.
GST migration is nothing but transfer of existing client data from older system to the new system (GST system). The objective is to help existing clients to do business without any hassle, sort out inconsistencies and get ready for smooth transition towards the implementation on the date April 1, 2017. This is going to be a challenging task and will give us a clear picture of where are all the things stand.
One of the boldest movement taken by Government of India in the history of Indian economy to ban high value currency notes of Rs.1000 and Rs.500 with effect from November 8, 2016 midnight. This scheme has received mixed reaction till now as some of the sections are telling that it can cause hardship for common people while some sections reacted to this decision with overwhelming support. This scheme is going to impact the businesses, common people, and financial institutions along with multi-diverse industrial background of India.
The Media industry in India is known for growth at a faster rate. India is globally the fifth largest media arena. Penetration of smart-phones and the Digital India initiative have led to a spurt of activities in the digital sector.
The announced GST rates have certainly created a buzz over the market both domestic as well as internationally. The Council has decided for a multi-tiered structure of 0%, 5%, 12%, 18% and 28%. The fluctuations of tax rates are highly in flow throughout the nation.
Nischal Maheshwari, Head Edelweiss Securities in his interview with a prominent news provider discussed some basic facts and issues regarding GST and its impact on various items as stated by him that consumer goods and white goods are no luxury goods anymore.
The tourism industry is going in a miserable position as many of the expectations are sticking towards the upcoming GST. As speculated the GST council fixed tax rate over the hotel and tourism industry close to 28% along with full input tax credit return which is considered very high in terms of the highly volatile market.
