GST

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Impact of GST on Cement Industry

By | July 4th, 2017|Categories: ENTREPRENEURS, GST|

Impact of GST on the Cement Industry Cement will attract 28% GST, i.e., a higher rate of tax which means increased costs for the infrastructure sector. Refractory cement, mortars, concretes (mainly used for building industry furnaces, huge ovens etc.) will attract 18% tax. Cement Bonded Particle Board will attract 12%. The main raw materials for cement are [...]

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GST composition scheme

By | July 4th, 2017|Categories: ENTREPRENEURS, GST|

                   GST Composition Scheme It a game changer as because with its implementation, a tremendous outflow of benefits are expected. Today in India, there are numerous taxes such as Service Tax, VAT, Excise and many others that are ultimately borne by consumers leading to double taxation or having cascading effect. Post GST, around 17 taxes will be [...]

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Impact of GST on exporters

By | July 4th, 2017|Categories: ENTREPRENEURS, GST|

                    Impact of GST on Exporters The role of input tax credit The GST will mitigate the cascading effect of the multiple taxes under the current system. The facility of input tax credit will be available to exporters even in the case of state taxes (SGST), which is not available today. In simple terms, an input tax credit [...]

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GST impact on Real Estate Sector

By | June 30th, 2017|Categories: ENTREPRENEURS, GST|

            GST Impact on Real Estate Sector The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades, since it will eliminate the conflicting and cascading taxation structures which have confounded several industries over the past few decades. It will most certainly have a profound [...]

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