NEW DELHI: Tamil Nadu Municipal Administration and Rural Development Minister SP Velumani on Wednesday urged Finance Minister Nirmala Sitharaman to reduce GST on machined job order items from the present 12 per cent to five per cent to help majority of micro and small scale industries (MSSI).
Indian rupee erased some of its morning gains and trading marginally higher at 70.88 per dollar.
The Government e-Marketplace (GeM) signed a memorandum of understanding (MoU) with Federal Bank to offer a number of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the portal.
The Sinha Committee recommendation for an impersonal, digital Information Utility is our best bet to improve the payments culture, not additional compliances.
Agents providing various services to foreign companies are quoting the government’s own Tax Research Unit’s (TRU’s) clarification in asking for exempting them from the 18 per cent goods and services tax (GST).
New Delhi, Oct 23 (PTI) Tamil Nadu Municipal Administration and Rural Development Minister S P Velumani on Wednesday urged Finance Minister Nirmala Sitharaman to reduce GST on machined job order items from the present 12 per cent to five per cent to help majority of micro and small scale industries (MSSI).