If the plastic cricket bat you bought for your one-year-old nephew for Rs 120 last week costs Rs 160 now, blame it on the trebling of import duties, from 20% to 60%, on various toys in the budget.
Kolkata: More than a one lakh retailers across the country will be hit by 200 per cent import duty hike, toy importers, who went on strike on Saturday, said.
MUMBAI: The government may consider introducing a prepaid tax and customs model for cross-border transactions, a move that could make buying products from foreign ecommerce platforms costlier.
The Punjab government has joined hands with USA-based Abdul Latif Jameel Poverty Action Lab (J-PAL) to work on ways to check tax evasion and improve the goods and services tax (GST) collection in the state.
After Finance Minister Nirmala Sitharaman, while presenting Union Budget 2020 on 1st February, said the government has asked the Reserve Bank of India (RBI) to extend the debt restructuring window by another year ending March 31, 2021, RBI in its Monetary Policy Review Meeting today said that it would be extending the scheme to 31st December 2020.
Jalandhar, February 9, With the Centre’s proposal to introduce lottery system for Goods and Service Tax (GST) where the winning amount may range from Rs 10 lakh to Rs 1 crore, industrialists have said such initiatives won’t solve the actual problem.