Tag Archives: GST

India’s new tax makes small companies untouchables, hurts informal workers – Unemployment risks, social unrest chances rise

MUMBAI, July 6, (RTRS): India’s biggest ever tax reform excludes tens of thousands of small businesses and millions of workers, risking an increase in unemployment and social unrest, analysts say. The Goods and Services Tax (GST), the biggest tax reform in the 70 years since independence, replaces more than a …

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‘India emerges into an opportunity’ – GST will not have major impact on remittance: Promoth Manghat

KUWAIT CITY, July 3: Promoth Manghat, CEO of UAE Exchange Group expressed his views on new Goods and Service Tax (GST) which came into effect in India on July 1. “The launch of GST is a historical decision for India. International media has been hailing it as a visionary constitutional …

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India to levy 3 pct tax on gold under new regime – Industry welcomes the tax rate

MUMBAI, June 4, (RTRS): India will tax gold at a rate of 3 percent under a new nationwide sales tax that comes into effect on July 1, the government said on Saturday. The Goods and Services Tax (GST) on gold, which was lower than industry expectations of around 5 percent, …

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