Goods & Services Tax (GST) Updates

Exchange offers likely to lose allure after GST implementation

According to the draft rules on valuation released by the government, GST will be applicable on the price of the item, without taking into account the reduction in price on account of the exchange. At present, value-added tax (VAT) is payable only on the cash amount paid.

slowly and slowly, more things would come up that should showcase how good this is for the consumers in this country!
 

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