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The highest tax rate slab of 28% has become a matter of agita for the whole nation. Now the items under this rate slab will be dug deeper in order to metastasize them out of this GST bracket to snip the cut back in demands. The F.Y. 2019 proved to be the floundering one with […]
Again the high court’s intervention has been requisitioned by the big section of Indian exporters. This is due to the abbreviation of the benefits of the EPCG (Export Promotion Capital Goods) scheme under the (goods and services tax) GST regime. Under the GST regime, the discontinuation of some of the perks under EPCG scheme led […]
Post-election Goods and Services Tax (GST) Council meeting is anticipated to take into account the different rate slabs for the textile. This is the first meeting after the elections which is going to held in the initial half of this month and rationale the divergent rates of textile products under the textile sector. “Removal of […]
The Indian companies from all the sectors including consumer durables, real estate and automobile manufacturers are currently trying hard to get GST rate cut on their goods and services. The consumer durable industry had said that the high 28 per cent GST rate must be reviewed. As per the official from a reputed consumer durable […]
The taxpayers in India have got a big relief ever since the government passed the new GST Act. With the implementation of the new GST Act, the cascading effect of various taxes has been diminished by the government to a greater extent. Thanks to the new GST regime based on the ‘One Nation, One Tax‘ […]
As per the Economic point of view of the OECD, there will be an increase of 7.50 per cent in the strength of the Indian economy by the year 2020. A new income scheme will be set for the small farmers will help in rural utilization. There will be an increase in Investment growth because […]
The ‘blocked credits’ under GST (Goods and Services Tax) is affecting the malls and hotels and regarding this, the Delhi High Court issued a notice on 20th May 2019 to the Centre and Delhi government. Under the section 16 of the GST Act for the ITC (Input Tax Credit) has a provision that gives the […]
The CBIC (Central Board of Indirect Taxes and Customs) has said that 12 per cent of GST must be paid by the home buyers compulsorily and this is only for those who have to give the amount to the builder and whose housing project got the completion certificate before 1st April 2019. The CBIC issued […]
Post-GST and e-way Bill, it has been noticed that there has been increasing of 10 to 15 per cent of the distance of the trucks as compared to the pre-GST period. This increment is benefiting in reducing the cost of the logistics. Mahindra Logistics said this statement after noticing the decline in the demand for […]
