10-09-2024 12:04 PM | Source: PR Agency
Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global
Below the Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global
"The council has taken various rate rationalisation measures like reduction of GST on cancer drugs from 12% to 5%, namkeens, sharing helicopters for pilgrimage which will lessen the burden on consumers. Council has also decided that foreign airlines will be exempt from GST on services imported from related parties which will help in settling ongoing litigations. For B2C transactions, e-invoicing will be introduced on a voluntary basis which will allow consumers to check invoices and also help foreigners to claim refunds of the GST paid in India. GOM has been established to work out lower rates on insurances including medical, group and health. To curb revenue leakage on metal scrap, GST under RCM is proposed. The new regime for the gaming sector has given a boost to the GST collections and is up around 412% on a 6 months comparative basis."
Above views are of the author and not of the website kindly read disclaimer
Latest News
Hold Motherson Sumi Wiring India Ltd For Target Rs.7...
Buy Endurance Technologies Ltd. For Target Rs.2,825 ...
Buy Latentview Analytics Limited For Target Rs.663 ...
India best place in world to provide sustainable inf...
India needs up to $30 billion investment in EV charg...
Textiles sector turning into another key source of i...
India`s business activity picks up momentum in Octob...
Buy Gujarat Gas Ltd. For Target Rs.660 By Motilal Os...
Buy Bharat Forge Ltd For Target Rs.1,700 By Emkay Gl...
National Consumer Helpline gets 1,000 firms on board...
More News
RBI credit policy Comment by Krishna Kanhaiya, CEO of Mirae Asset Financial Services
OmniView - Is Mr. Market Shifting Focus Beyond Current Earnings and CPI? by By Dr. Vikas V Gupta, OmniScience Capital
Views on Rupee movement post RBI Monetary Policy by Mr. Hitesh Jain, Strategist, Yes Securities India Ltd
Real Estate`s Hopes from The Upcoming Union Budget by Akash Pharande, Managing Director - Pharande Spaces