Taxes have nearly doubled for furniture and plywood manufacturers after the introduction of the Goods and Services Tax or GST. At 28 per cent, general furniture and plywood goods, earlier taxed between 12 per cent and 14 per cent, now fall in the highest tax bracket. There are over 3,000 plywood manufacturing units in the country, with over 300 located in Punjab that employ some 40,000 people directly. A majority of the plywood and furniture manufacturers come under the category of small and medium enterprises or SMEs; however, the manufacturers say taxing furniture as a luxury product has put a lot of strain on their finances.
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Three members of a family, including a one-year-old child, were killed in a tragic road accident on GST Road near Singaperumal Koil in Chennai on Tuesday.
The beginning of a new financial year on April 1 brings a series of changes that will impact taxpayers, salaried individuals, and consumers across India.
From changes in the tax slabs to the UPI to the launch of the Unified Pension Scheme, here's a complete list of the changes that you can expect.
An egg seller and a juice vendor in Madhya Pradesh and Uttar Pradesh were in for a huge shock when they received notices for dues worth crores from the Income Tax (I-T) department.
Amid a nationwide debate on work-life balance, the wife of a GST official, who jumped to death from his Noida flat yesterday, has said he was under work pressure and that he was a "victim of the system"
दूसरी आज़ादी लाई GST - पहले परांठा, अब आटा, हीरे पर कम, स्याही पर ज़्यादा...Ravish Kumar
Tuesday July 19, 2022मोहम्मद ज़ुबैर का केस कानून की प्रक्रिया को लेकर एक गंभीर बहस का मुद्दा बन गया है. महंगाई से लेकर मुकदमे का एक ही हाल है.अब तो चीफ जस्टिस भी कह रहे हैं कि जल्दबाज़ी में गिरफ्तारी होने लगी है.
Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its WayAndy Mukherjee | Bloomberg
Thursday July 07, 2022Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
Opinion: In GST Row, Centre Throws Nationalism Argument At StatesPraveen Chakravarty
Monday August 31, 2020Rules by bureaucrats, legalese by lawyers and analysis by economists are cold, futile methods to resolve this crisis when the need of the distressed hour is a warm, empathetic hand of the political leadership.
Blogs: सरकार ने दी कॉरपोरेट टैक्स में राहत, क्या आम आदमी को होगा फायदा?Ravish Kumar
Saturday September 21, 2019अगले शुक्रवार का इंतज़ार कीजिए क्या पता आम लोगों का भी टैक्स से राहत मिल जाए, या क्या पता पुरानी पेंशन व्यवस्था ही बहाल हो जाए. वित्त मंत्री जिस तरह शुक्रवार को अपना नया बजट पेश कर रही हैं, राहतों का एलान कर रही हैं, उसमें कुछ भी उम्मीद की जा सकती है. आखिर कारपोरेट ने कब सोचा होगा कि सरकार उसे एक दिन 1 लाख 45 हज़ार का घाटा उठाकर करों में छूट देगी. इस फैसले को ऐतिहासिक और साहसिक बताया गया है.
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