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The domestic sales for passenger automobile vehicles have grown by leaps and bounds. However, the export figures for passenger vehicles are in sharp contrast to those of the domestic sales.
The GST heatwave has hit local cooler makers and traders hard this summer. The reason for this is that GST has left little difference between the prices branded and unbranded coolers.
The UPA Government during the erstwhile VAT Tax regime had approved for tax exemptions to the suppliers of major FMCG Companies.
GST Refund Fortnight is a scheme by the GST council to address refund issues related to the exporters in India. The scheme would be observed from 16.07.2018 to 31.07.2018 across all field formations to deal exclusively with pending GST Refund Claims (IGST & ITC).
In a statement made on the occasion of the World Consumer Rights Day, Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan said that the government is not going to extend the date for selling pre-GST stock with revised MRP after this month.
The Government of Bihar has targeted 20 thousand crore revenue collection to the commercial tax authorities under the GST during the current financial year.
In a recent crackdown on the taxpayers for not paying their advance taxes, the tax department had been issuing notices to the defaulting taxpayers and also seeming to take strict actions against them.
The current Financial quarter has brought good news for the Indian Economy. The Industrial production growth rate for the month of January was recorded at 7.5 percent.
In a report presented by a Parliamentary panel chaired by Kirit Somaiya, it is mentioned that the Textile Ministry should try to convince the Revenue Department and Finance Ministry to reconsider the overall structure of the Goods & Services Tax (GST) for the textile sector.
