“GST is still evolving. See, what they (Apple) are asking for is, make it profitable for us to manufacture here and therefore give us a favourable duty regime. Exactly how favourable it should be is something that needs to be ironed out. But the first thing is what will be the manner in which this would be reflected in the new GST regime, (firmed up by) the GST Council,” Sundarajan said.
Sundarajan added: “So only once the council decides how the existing trade regime is going to get translated into the new one and how domestic manufacturing incentives are going to get reflected in GST can a decision on Apple’s demands can be taken.”
Most existing indirect taxes including excise duty, state value-added tax, service tax and countervailing duties on imports will be subsumed in GST.
Most tax exemptions are set to be abolished in the GST regime in tax consultant in India.
For more information visit at: http://bit.ly/2ruWFwl
Thank you for sharing such a wonderful information. It is a very informative and helpful post. this information is useable for people and society.
ReplyDeleteCompany Registration in faridabad
gst registration in faridabad
register private limited company
import export code registration
register one person company
register public company
LLP registration
gst registration
LLP registration faridabad
gst registration in delhi
gst registration in gurgaon
LLP registration in delhi
File GST return
GST Consultant in Gurgaon
GST Consultant in Delhi
Company Registration in Delhi
Company Registration in Gurgaon
LLP registration in gurgaon