Tattva Wellness Spa, India’s largest and fastest-growing spa chain with 100+ outlets across 45 cities, today announced the implementation of the revised Goods and Services Tax (GST) on spa therapies. This follows the Government of India’s recent notification reducing the tax rate on spa services from 18% to 5%. […]
Urging Oil Minister Hardeep Singh Puri’s intervention, FICCI fears that the additional GST imposed on capital goods used for petroleum and CBM operations will “disrupt” various upstream exploration and production (E&P) projects signed between government and operators. The industry body in a letter to the Oil Minister pointed out that the government had assured these […]
The Exercise Book Manufacturers Association has raised concerns over an inverted duty structure in the recent rationalisation of GST rates. The GST Council recently reduced the GST rate on books and notebooks to zero. However, the GST rate on paper and paper boards were increased to 18 per cent. Amrut P Shah, President, the Exercise […]
Since the implementation of GST 2.0, the National Consumer Helpline (NCH) has received nearly 3,000 complaints related to the tax cuts, Consumer Affairs Secretary Nidhi Khare said on Monday.“Everyday, we are receiving complaints. So far, we have received close to 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes […]
Kolkata, The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, experts said. Indirect Tax Expert at LexVed Vedika Agrawal said the GST circular 251 makes it clear that financial or commercial credit notes – those issued […]
On the occasion of its 69th Annual General Meeting, the Federation of Hotel & Restaurant Associations of India (FHRAI) convened a specially organised press meet at Le Meridien, New Delhi, to draw urgent attention to the policy challenges confronting India’s hospitality sector. The briefing was led by Surendra Kumar Jaiswal, the newly elected president of […]
Experts felt that the dip in collection should not be seen as a negative As consumers postponed purchases in August after Prime Minister Narendra Modi announced goods and services tax (GST) rate cuts, GST collection in September is expected to take a hit, data for which will be out on October 1. Experts said some […]
The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, experts said. Indirect Tax Expert at LexVed Vedika Agrawal said the GST circular 251 makes it clear that financial or commercial credit notes – those issued without […]
Unlike most commodities, fertilizers are not sold at free market prices, which means that the Maximum Retail Price (MRP) is fixed by the Government of India. | Photo Credit: indiaphotos The fertilizer sector forms the backbone of India’s agricultural economy, ensuring food security and farmer support. In its 56th Meeting, the GST Council has taken […]
MUMBAI: Hindustan Unilever (HUL) has said that sales have been impacted in Sept as markets prepared for the new GST regime leading to some temporary disruptions in the supply chain. Distributors and retailers postponed placing orders for fresh stock as they awaited new packs with updated prices to hit the markets and instead focused on […]
