Auto industry seeks GST cuts from Budget 2019-20
The industry, which is facing headwinds such as rising fuel prices, muted consumer sentiment, and the transition to BS VI emission norms, expects the cut to provide some relief.
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‘Fuel likely to be under GST by FY19 end’
The law firm adds that streamlining the GST refund process is the need of the hour.
Items in highest GST slab to be pruned
Arun Jaitley, the Union finance minister, has proposed new changes the goods and services tax (GST). He wants to prune the number of items in the top 28% tax bracket.
GST eased for small business
In an effort to revive business sentiments, the government has taken further steps to ease implementation of goods and services tax and its compliance. Now small firms will have to pay a flat 1% tax.
