The government has allowed the manufacturers or packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) in addition to the existing retail sale price (MRP) for three more months from October 1 to December 31, 2017. Earlier, it was allowed for three months from 1st July 2017 to 30th September, 2017. The government said the ...

Unlike what Congress proposed as a simple three-tier GST capping at 18%, the BJP-led NDA government has made it 4-slab and added 28% slab imposing one of the worst taxation system in the world, said Congress leader Randeep Singh Surjewala. Besides the Goods and Services Tax (GST), the cess included, some products will be as costlier as 43% more than ...

GST roll out has turned a retail sales extravaganza across the country with car makers and retailers turning it into a sales pitch with huge discounts on goods based on GST rate slabs and large queues were seen from Mumbai to Bhubaneshwar and New Delhi to Bangalore on Friday night. Beginning today, Saturday, July 1, 2017, India switched over to ...