Standalone, some utility bills will be more expensive in the GST regime as broadband, mobile, piped gas, LPG cylinders etc. attract more tax under the new structure. To understand the impact of GST on different auto segments.
"Like it was seen at the time of demonetisation, even now there are new rumours floating everyday about GST". "Each department/ministry should ensure that benefits of GST are passed on to the consumers by traders/retailers etc which would in turn also help in keeping the inflation under control", Sinha said in the statement.
"Considering the possible impact on Nepal's trade with India following the implementation of the GST, we wrote to the Indian authorities to ensure that the new tax system should not infringe on bilateral trade", Rabi Shankar Sainju, Joint Secretary at Nepal's Ministry of Commerce, told Xinhua news agency.
He said that it was not possible for traders to sell goods above the maximum retail price in the name of GST. "That being so, the 5 per cent concessional GST rate on these devices/equipment would result in reduction of the cost of domestically manufactured goods, as compared to the pre-GST regime", the ministry said in a statement.
In this connection, the Secretary said his department had received 2,20,000 applications for new registrations under GST of which around half were fully completed.
22 states abolish check posts post GST roll out
Revenue Secretary Hasmukh Adhia on Sunday took to micro-blogging Twitter to reveal the truth.
The company said there would be no change of prices for tractors.
Officials said that as part of their outreach programme, the Central Board of Excise and Customs and State tax officials have also been creating awareness about GST. All the top brass of CBEC were also present in the meeting.
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