They also urged the buyers to consider the sustainable manufacturing units, which are complaints and green, as commercial investment to ensure their continued sustainability.
GST Council, the federal indirect tax body, is set to make changes in tax rates of goods and services a yearly affair, moving away from frequent rate revisions to remove ‘uncertainty’ for businesses and the government, finance minister Nirmala Sitharaman said on Sunday.
The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said.
The Indian rupee opened higher at 71.34 per dollar on Monday versus Friday's close of 71.40.
CHENNAI: Finance minister Nirmala Sitharaman said long-time complaints of delayed payments by public sector undertakings to Micro, Small and Medium Enterprises (MSMEs) is being taken care of by submitting a list of companies with dues to the banks to enhance discounting on bills.
NEW DELHI : A panel of industry and trade representatives has been set up to give suggestions to the Goods and Services Tax Network (GSTN) on the functioning of the IT systems supporting GST, said a statement from the Confederation of All India Traders (CAIT) which is part of the panel.