Anmi said that Indian capital market is burdened with numerous transaction cost which includes various direct and indirect taxes, such as STT, GST, and stamp duty
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Source: https://taxguru.in/goods-and-service-tax/tax-discussion-parliament-25-11-2021.html
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA
UNSTARRED QUESTION NO. 53
The employer can charge 18 per cent GST on the total recoveries accruing on the employee leaving the organisation without serving the notice period., say experts.
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The GST rate hike announcement came just when apparel brands were reporting a recovery in demand
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The revenues for November are the second highest ever since introduction of GST. The highest-ever revenues were collected in April this year.
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Source: https://www.livemint.com/news/india/vivek-johri-appointed-as-cbic-chairman-11638117968487.html
Johri, a senior civil servant, is currently a member of the CBIC, handling GST and tax policy
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This tax complication comes at a time when top companies are complaining of high attrition. The ruling in the case of Bharat Oman Refineries is set to result in scrutiny by the tax department in the coming months as there's already confusion over the issue.
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Source: https://taxguru.in/goods-and-service-tax/gross-gst-collection-fy-2021-22-shows-increasing-trend.html
The gross GST Collection in FY 2021-22 post COVID-19 pandemic outbreak are showing an increasing trend. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today.
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The indirect tax authority urged senior officials to guide field officers to gently remind all taxpayers to file returns and deposit the due tax amount in time
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The proposed merger of 12 per cent and 18 per cent slabs to a single rate will result in a staggering increase of 30 per cent in the GST rate for garments.
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