The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. In other words, Good and Service Tax (GST) is levied on the supply of goods and ...

For e commerce exports, GST has created an Integrated GST (IGST). Importing goods incurs an IGST whilst the exporting side is zero rated, which allows businesses to get refunds on money spent on ...

The expert pointed out that US state sales tax ranges from 2.9% to 7.25%, whereas European nations impose VAT between 17% and ...

While the introduction of GST has generally resulted in reduced ... Most of the unbranded and unprocessed food articles were exempt from indirect taxes earlier. This position has continued under ...

As an option, the government may consider a strategic reform of the current indirect tax landscape ... necessarily require an immediate introduction of a new tax. Instead, a well-thought-out ...

Council is in the final stages of reviewing GST structure and a reduction of the levy would happen soon, union finance minister Nirmala Sitharaman, who chairs the Federal indirect tax body said on ...

Since its introduction in July 2017 ... 63 paise will come from direct and indirect taxes. Among indirect taxes, the Goods and Services Tax (GST) will contribute the maximum, with 18 paise ...

After the introduction of the GST regime in 2017 ... and distribution activities are not subject to indirect taxes, he further submitted.