New Delhi: The Commerce Ministry fears that a higher than expected goods and services tax (GST) rate on gems and jewellery and textiles products may make such exports noncompetitive and exporters may have to be compensated. The two items are among six on which GST rates could not be finalized in …
Tag: Thomas Issac
States demand control of SME taxes under GST
Kerala, West Bengal, Delhi and Odisha are likely to play hard at the Goods and Service Tax (GST) Council meet scheduled next week, with their demand to have full control over business and institutions with turnover below `1.5 crore. “Majority of states want a combination of vertical and horizonta…