Government is keen to implement the biggest indirect tax reform—Goods and Services Tax (GST), with effect from 1 July 2017. Though the tax rates—5%, 12%, 18% and 28%—have been prescribed under the Act for various services and goods, many individuals, businesspersons, and even tax experts have many questions about GST’s implications. To bring in more clarity, the Department of Revenue, Ministry of Finance, Government of India has created the Twitter handle @askGST_GoI to answer GST-related queries from taxpayers. Let’s read more about it.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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