The Indian handset manufacturers have sought clarifications regarding the taxes applicable on smartphone batteries and asked for the rationalisation of the taxes.
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The Indian handset manufacturers have sought clarifications regarding the taxes applicable on smartphone batteries and asked for the rationalisation of the taxes.
Recently, the GST council had decided to slash some more tax rates on around 54 services and 29 items in a meeting. Presently, there are 4 GST slab rates namely, 5 percent, 12 percent, 18 percent and 28 percent.
Reserve bank of India (RBI) the highest institution went ahead in progress of multiple regulatory provisions which will impact the entire banking plethora towards a better management.
Alexandre de Juniac, Director General and CEO International Air Transport Association (IATA), was addressing the opening session of the 74th IATA Annual General Meeting and World Air Transport Summit, Sydney today.
Recently, there was discontentment within the finance ministry over the Tax revenues collected by the separate authorities including state and central government.
In a bid to give relief to the transporter over the issues related to the GST e way bill, the Allahabad high court had given statement according to which there is no need to carry a hard copy of a GST e way bill along with the goods.
A centralised Authority for the advance ruling is under discussion, to maintain a single platform for all the rulings of similar nature done in the different states. The issues raised in different states must be of same nature get it noticed by the central appellate.
Goods and services tax is a major tax structure implemented through India with a scope of tighter compliances and revenues for the government. In the wake of this fact, many of the GST officials are trying hard to account for every taxable transaction.
In a recent announcement done by the government, now there will charge on the late payment of credit card bill of 18 percent. It was also mentioned that there will no chapercentTM and issuing of the chequebook.