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In the last GST council meeting held on 14th March, 2020, the GST rate on mobile phones was increased to correct the inverted duty structure on recommendations of Fitment Committee. GST rate was raised from 12% to 18% on mobile phones.

At a time when all major handset manufacturers are struggling to cope with disruptions caused by the coronavirus (COVID-19), the Goods and Services Tax (GST) Council has worsened the matters for mobile phone sector.

Finance Minister of India, Mr. Arun Jaitley Said that he is ready to talk with Congress party's any member in case of GST Bill that stuck due to Congress resistance. Mr. Arun Jaitley also said he is reasy to speak to anyone who disagrees with him.

The GST Bill, which has been passed in Lok Sabha but stuck in the Rajya Sabha, is likely to miss its April 2016 deadline. Read five reasons that might be made influence on the Bill

The grand alliance between Janata Dal (United) and RJD has made their presence in Bihar state by registering a massive victory. The party might create a buzz in the Parliament from the beginning of Winter Session, by indicating to support the opposition party on the GST Bill.

ClearTax is built on top of India's Massive Digitization of its Tax Systems. They are a Bangalore based Financial-Technology platform providing solutions for Income Tax filing, GST and Mutual Fund Investments and so on.

Goods and Services Tax (Compensation to States) Act, 2017 was enacted to levy Compensation cess for providing compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax with effect from the date from which the provisions of the Central Goods and Services Tax (CGST).

The Goods and Services Tax will be delayed due to political interruptions as per CFOs of India. According the Yes Bank survey, around three fourths of CFOs have said that the important reform might be levied by next year.

Every person who is liable to pay tax in accordance with the provisions and fails to pay such tax shall pay interest on default amount. Further, a taxable person who makes an undue or excess claim of input tax credit shall pay interest on such undue or excess claims.

Budget 2016 Reasons Why Jaitley ought to relax handbag strings, Spend FreelyBudget 2016, Economic News, Finance Minister, GDP, Goverment, GST bill, International Market, Upcoming Budget

The national e-way bill scheme, announced on 16th of January on the trial basis, is expected to assist the businesses as well as the transporters to get a hang of the new technique that becomes obligatory.

China is the 2nd largest importer of crude petroleum in the world which represents approximately 9.4% of the entire imports of China. SEAIR Exim Solutions have a team of highly educated and experienced employees who help our clients by providing updated data of their choice. The China Import Data we provide at SEAIR represents the product's name, price & quantity of products, major importers & exporters, Unit, GST applicable rate and many more.