GST impact News
The footfalls will increase at stores during the festivals next week, he said, but the sale ticket size will be lower.
The September quarter recorded only six transactions valued at and above USD 100 million as compared to 14 deals in the year-ago period, of which three were billion-dollar deals, the report noted.
ANMOL Jewellery founder Ishu Datwani said its a big relief and the timing is right as it is just before Diwali.
The finance ministry on Friday stated that the government has decided to exempt small exporters from furnishing bank guarantee for shipping goods and services.
The remaining exporters used the refund mechanism, but the waiting period may initially be longer under GST, hurting near-term exports due to working capital issues.
India has emerged as the most preferred outsourcing destination as per the findings of the 2017 Asia Pacific Occupier Survey Report of CBRE, he added.
The 21st meeting of the GST Council is being held here to discuss technology glitches in GSTN portal, imposition of higher cess on luxury and SUV cars and reduction tax rates on aboout two-dozen items.
Under the Goods and Services Tax (GST), which was rolled out from July 1, in order to claim benefit of input credit, businesses have to disclose the volume of transaction in the form of invoice.
The Finance Minister said that even before GST was rolled out, the impact of demonetisation has expanded the number of assessees under the personal income tax.
The Cabinet on Wednesday approved promulgation of an ordinance to amend the GST compensation law to pave the way for increasing cess on mid and large cars to 25 per cent, from 15 per cent.
Veteran industrialist Adi Godrej on Wednesday said the Goods and Services Tax (GST) will lead to considerable increase in the GDP in the next six months.
According to the Randstad Workmonitor survey, 83 percent of the Indian workforce would like to be an entrepreneur, higher than the global average of 53 percent.
This is segment of Zee Business which provides you expert advice on tax and investment. Watch this video to know how GST will impact investment.
While some of the Royal Enfield bikes will be priced cheaper, some would come at a higher price.
Renault has cut price of its hatchback Kwid Climber AMT between Rs 5,200 to Rs 29,500.
After a strong opening, the BSE 30-share index hit a high of 31,258.33, before closing 300.01 points,or 0.97 percent higher at 31,221.62, a level last seen on June 22.
Sources said the industry has also witnessed a reduction in inventories since May-end, as distributors and retailers tried to minimise losses due to change in tax structure.
Prices of majority of essential drugs will increase by up to 2.29 percent when the Goods and Services Tax regime kicks in from next month.
The real estate sector is facing a multi-year slowdown due to poor demand because of high prices.
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