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After the implementation of GST and Demonetisation, people have finally adjusted with the higher prices, but RBI may increase rates further.
Some traders are found to be declaring less value for the goods they are transporting to evade GST.
Government mulls petrol, diesel under GST; peak tax rate of 28 per cent plus VAT could be new tax structure
The peak GST rate plus VAT will be equal to the present tax incidence, which is made up of excise duty, levied by the central government, and VAT charged by the states.
According to sources, several IAS coaching centres in the city are collecting `1.5 lakh from each candidate but are not paying GST.
The officials recently directed the Swiggy Foods to pay GST as per their business. The Swiggy Foods has tie-up with 4,000 eateries in the city and only 2,000 of them are registered.
What do Swiggy Foods, IAS coaching centres, Indian School of Business (ISB), IndiGo airline and big convention centres in Hyderabad have in common?
The country's growth on both the number of HNIs and wealth is faster than the global average of 11.2 per cent and 12 per cent.
Under GST, there will be 'now seamless flow' of availability of common set of data to the Centre and the states, making direct and indirect tax collections more effective.
This gain could be enough to offset the decline in taxation if states imposed value-added taxes (VAT) only on the base price of crude.
As per the amendment, the 'concerned state' would mean the state where the anti-profiteering authority has passed its order against the business.
In a latest order, the consumer affairs ministry said the deadline has been extended till July 31 on request made by manufacturers, packers and importers.
Taxpayer would be required to provide valid documents to the tax officer as proof of his/her identity and to validate the business details related to his GSTIN.
Most beauty parlours have shifted to a higher pricing model after GST, draining clients’ pockets. Smaller parlours at accessible locations have reduced the number of patrons in existing salons.
Special Relief Fortnight was rolled out as emergency measure to give relief to exporters.
Gangster Rajesh Bharti and three of his associates were killed today while eight police personnel were injured in a major encounter in south Delhi's Chhatarpur area, police said here.