“It appears to us that there is some amount of normalcy because destocking had happened on the manufacturer side but now restocking has started”
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Tag: SGST
How Indian traders can reap benefits from GST
Trading has been the primary business activity in India since time immemorial. Even the British set up a trading post through the East India Company. While India has advanced in technology and has seen rapid industrialisation along with growth in the manufacturing sector, it is the trading sector…
Haryana becomes 8th state to pass GST Bill; Small-scale taxpayers free to opt for composition scheme
Chandigarh: The Haryana Goods and Services Tax Bill, 2017 has been unanimously passed by the state Assembly in a special one-day session convened for the purpose. With the passage of the Bill, Haryana became the eighth state to pass the legislation as the Centre gears up to roll out the new indir…
Centre mulling to ‘advance’ Winter Session for early GST roll out
In a bid to roll out the crucial Goods and Services Tax (GST) from April 1, 2017, the Modi government is considering to prepone the Winter session of Parliament to pass the CGST and IGST bills, and pave way for implementation of the new sales tax regime. The Winter session of Parliament is genera…
How can industries reap maximum benefits out of GST
GST will overhaul the current indirect tax system and will impact all facets of business operations of any company, for instance, pricing of products and services, supply chain optimisation, IT, accounting and tax compliance systems. Given the time constraints, industries would need to gear up an…
GST to streamline border-less business across states: Telangana/Andhra Chamber
The Goods and Services Tax (GST) is the biggest indirect tax reform in India, which is almost similar to the reforms of economic liberalisation in the country during 1991, as per Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI). GST is a culmination of 17-18 …
Nasscom seeks changes in GST model law
While Indian IT industry body Nasscom said that the Goods and Services Tax (GST) Bill is a welcome move, it has also voiced some concerns on the GST Model Law. Nasscom has suggested certain changes to the finance ministry on self-declaration procedures, instead of multiple paper-work for registra…