Markets

News Details

( 10/08/2018 11:03)
Lesser tax rate to improve compliance: Min

Finance Minister Piyush Goyal has said that lower tax rates will improve compliance and enhance revenue collection as the Lok Sabha passed four bills to amend the GST law.

The Minister said that tax collection will not come down despite reduction in taxes as he allayed the concerns to that effect raised by some members.

The lower rates will rather improve compliance and enhance revenue collection, he added.

As per reports, the four bills, which were passed together by a voice vote, are the Central GST (Amendment) Bill, Integrated GST (Amendment) Bill, GST (Compensation to States) Amendment Bill and Union Territory GST (Amendment) Bill.

Goyal said in the last one year, GST on about 400 goods and 68 services were reduced. GST came into force from July 1, 2017.

ATTENTION INVESTORS 1 : "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case | 2 : "Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. | 3 : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

SEBI Regn. NSE: INB231280430 I F&O: INF231280430 I BSE: INB011280436 I NSE CD: INE231280430 I MCX-SX: INE261280430

Copyright © 2017 Rikhav Securities Ltd. All rights reserved

Designed , Developed & Content Powered by DION