GST

A glimpse into Facebook and Twitter conversations and talks can give us a solid idea about what India, as a whole, was thinking and doing throughout 2017.

Since there are no clear guidelines on GST on toll & parking fees, cab aggregators are apparently taking advantage of it by charging GST on toll & parking.

As per latest data, Indian economy has beaten all predictions and doomsday conspiracies & shaken off GST and Demonetisation blues to record a 6.5% growth!

Although Nano’s orders have declined, and production at Tata’s Sanand plant has been almost halted, commercial usage of Nano is witnessing an upswing.

While 39 lakh taxpayers filed their GST within the last date in September, it was 28.46 lakh in August, which clearly showcases the increase.

Government has now ordered all FMCG companies to revise their MRPs, with immediate effect as GST on white goods is all set to come down soon to the 28% slab

Moody’s have upgraded India's credit rating for 1st time in 14 years & have credited the ongoing economic reforms initiated by the present Government for it

Taking a serious note of the overcharging issue, Govt. has decided to punish those businesses, which are still overcharging customers, in the name of GST.

Even though GST for hotels & restaurants has been reduced, 3-4% of income of hotels & restaurants came via Input Tax Credit, which has been withdrawn

The powerful GST Council met today in Guwahati, and have removed 177 of the 227 items placed in the 28% slab. Now, only 50 items remain in the highest slab.