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There is no doubt that the online business or selling from the e-marketplace does not only become the most famous channel of running the business however this channel of selling or running the business becomes unavoidable for any business if the same needs to survive and raise in the coming years. The same provides the […]
The traditional Handloom weavers who are suffering because of the livelihood crises seek for the central government to refuse the GST and additional taxes upon the cloths and raw material. A letter was written to the central finance minister Nirmala Sitharman by the weavers’ leaders (All India Handloom Rights Forum) which describes the hardships that […]
The insurance industry is going from a typical time where the life insurance claims increase because of covid-19. The increase in the claims and the attendant payouts which life, as well as medical insurance firms, suffer 30% surge in premiums as reinsurers see towards recovering the losses. But the insurance premiums in India are still […]
The All India Gem and Jewellery Domestic Council (GJC) requested the government to diminish the rate of GST (goods and services tax) to 1.25%. Inside the pre-budget 2022-23 suggestions to the central finance minister Nirmala Sitharaman said that GJC seeks the cumulative GST rate with 1.25% relied on the revenue equivalence principle on gold, precious […]
West Bengal Authority of Advance Ruling (AAR) mentioned that 1.5% GST is needed to be imposed via customers for the selling of flats instead where the complete acknowledgment has been obtained post to issue of the completion certificate. The petitioner is the owner of Kayal Infra which is engaged in the construction of the property […]
A proposal to draw the electricity under the GST regime will make a loss of Rs 5780 cr towards both centre and state. In the report, a 5% GST rate would be recommended for electricity. In the case when all the current electricity duties are included in GST the losses surge to Rs 59000 cr […]
In the month of Dec quarter GST collection place with an extraordinary number concerned to the receipts from the tax given people of the country for center and states. Towards the Centre and states with an average monthly gross collection of Rs 1.3 trillion, the October-December quarter of 2021-22 (FY22) was the most promising since […]
Under GST the new year 2022 is going to draw the important amendments in the way of claiming the GST ITC via assessee. Another condition to claim the GST ITC via the recipient of goods and services made by the Finance act 2021 would get effective from 1st Jan 2022. Through the forthcoming amendments, the […]
The Indian economy is likely to recover from the pandemic. Some decisions have been opted by the GST regime. For example, the same proceeded towards the electronic compliance mechanism, electronic dissemination of notices, and avoidance of a physical interface. But on the rationalization of tax rates, procedural amendments under GST, availability of exemptions and availability […]
