Clubbing 12% and 18% rates may cause an annual revenue loss of ₹1 lakh cr: Official.
As per the system being worked out by the Revenue Department, the taxpayer will get full refund from his jurisdictional officer once the claim is sanctioned, while at the back-end the Centre and States will apportion the amount to be paid to each other.
NEW DELHI: A commerce department strategy paper has suggested a slew of measures to boost exports and reduce imports to check the massive trade deficit with China.
Africa offers duty-free access to the U.S. and EU
Researchers at The Hong Kong Polytechnic University (PolyU) have developed a highly flexible, high-energy Textile Lithium Battery that offers a more stable, durable and safe energy supply for wearable electronics with a myriad of applications, such as in healthcare monitoring, intelligent textiles, smartphones, Global Positioning System tracking and Internet of Things. For more information see the IDTechEx report on Flexible, Printed and Thin Film Batteries 2019-2029.
Chandigarh: Collecting Rs 167 as GST (goods and services tax) on discounted retail price has cost online shopping portal Myntra Designs Rs 2 lakh. The district consumer disputes redressal forum has found it guilty of overcharging customer Ravi Inder Singh of Sector 43.