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GST implementation is proving very hard for many of the startups which provide home services like UrbanClap and Housejoy.
The GST Council is ready to cut down the items from the list of maximum tax slab of 28% by moving some products of daily usage and products from SMEs (Small and Medium Enterprises) to another lesser tax slab.
According to the survey organized by Nikkei Purchasing Managers’ Index (PMI), a private firm reported that the manufacturing activity fell down in the month of October but the companies hired a large number of workers to provide greater services to the users in respect of outstanding business.
Goods and Services Tax (GST) is the topic of criticism for different industries in India. The protest is lined-up and Brass Industry on Tuesday joined the rally.
Diamond traders contacted the government requesting to eliminate the 3% Goods and Services Tax(GST) on Business to Business (B2B) transactions.
According to the industry insiders, higher tax rates levied on batteries used in electric vehicles under the indirect tax regime may be a major barrier for the government.
Senior Government officials have expressed disappointment with the Infosys due to the technical glitches and issues in filing returns at GST Network (GSTN). In regard this, the government has to extend the deadlines for filing returns several times.
All retail chains and shopping malls are preparing for a Mega Sale around the year-end and the reason is well-known disruption caused by GST.
Vanaja N Sarna, Chairperson of Central Board of Excise and Customs (CBEC), said that the tax collected under the new tax regime is deviating from the expected figure and there are no targets in line to tweak the annual revenue goals.
