GST eliminated cascading tax in pricing

-
People call this ITC : Input Tax Credit

Comments

Post a Comment

Popular posts from this blog

GST relief for home buyers, realtors warned

-
VISAKHAPATNAM: In major relief to property buyers, especially apartments, Goods and  Sales Tax  ( GST ) authorities have warned realtors and construction companies of punitive action if they do not pass on the benefits of input tax credit to the buyers by reducing the prices. N Srujan Kumar, GST commissioner, Vizag, told TOI that the  Central Board of Excise and Customs  at Delhi and its offices in various states have received several complaints that people who have booked flats and made part payment were asked to pay a higher tax for instalments paid after July 1, 2017. for more details https://timesofindia.indiatimes.com/city/visakhapatnam/gst-relief-for-home-buyers-realtors-warned/articleshow/62004279.cms
Read more

Govt hints at reviewing rates in top GST bracket

-
After slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 per cent tax bracket.  On November 10, the GST Council, headed by Finance Minster Arun Jaitley, had lowered Goods and Services Tax (GST) rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches.  As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to ..  Read more at: //economictimes.indiatimes.com/articleshow/62000816.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more