New GST Input Tax Credit Rules: Millions of GST payers are eagerly awaiting clarity over the new rules notified early this month that restricted the refund of input tax credit to 20% of the total claimed amount.
NEW DELHI: The government is finalising a new definition for micro, small and medium enterprises (MSMEs), which will be linked to turnover and do away with the current system of classifying units based on the capital deployed in plant and machinery.
Much like China and other Asian giants - but unlike India - Bangladesh has achieved structural transformation with manufacturing and exports driving its growth in output (GDP) and employment.
KOCHI: The Indian Chamber of Commerce (Kochi chapter) on Tuesday criticised the state government for allegedly making the life miserable for traders.
The Chinese Textile Association in Cambodia (Ctac) aims to increase Chinese investments in the garment industry in the country of Southeast Asia.
The UT Excise and Taxation Department on Tuesday recommended registration of an FIR against a Sector 9 based firm for generating fake Goods and Service Tax (GST) invoices to fraudulently claim Rs 2.88 crore input tax credit (ITC).