The Goods and Services Tax (GST) on matchboxes should be brought down to 12 per cent from the existing 18 per cent, Tamil Nadu Information and Publicity Minister Kadambur C Raju said on Friday.
Amid global slowdown and weak domestic demand, India's merchandise exports declined marginally while imports fell by a sharp 16 percent in October on a year-on-year basis, according to official figures released on Friday.
New Delhi, Nov 15 (KNN) In a bid to tackle out glitches in filing of Goods and Services Tax (GST), Finance Minister Nirmala Sithraman has invited tax practitioners' association and representatives of Micro Small and Medium Enterprises (MSMEs) and Institute of Chartered Accountants of India (ICAI) representatives on Saturday to hear their concerns.
Mumbai: The government is looking to clarify that goods and services tax (GST) should not be applicable on salaries of chief executives sitting in head offices, two people in the know said.
If you are among the top executives of your company in India be ready to take a hit on your income as the new rule the government is seriously considering to roll out soon will make a big hole in your pocket.
MSMEs contribute 6.11 pc to the manufacturing GDP, 24.63 pc to the GDP from service activities, and 33.4 pc to manufacturing output.