The country could be staring at an acute shortage of medicines in the second half of June if the government or manufacturers don't look into potential losses faced by pharmacists from GST's rollout on July 1.
They are worried that they could suffer losses on account of a possible mismatch between tax pay outs and tax refunds under the GST regime.
TDS stands for ‘tax deducted at source’. TDS is an amount deducted at the time when payment is made to the receiver.
The production from dairy industries are spread on a large scale throughout the India.. It is the most intensive employer plus the best employer for the landless labour in India. Milk contributes close to the 1/3 of gross income of rural families and in the case of these without land, nearly half of their gross income.
The GST Council has decided to exempt certain services from Service Tax under GST. The list of services exempted from Service Tax are as follows:
Presently, the place of provision of services provided by NBFCs to account holders is the location of the service provider. The GST Law specifies the place of supply of services for banking and other financial services as:
in cases where the services are linked to the account of the receiver, the location of the service receiver on the records of the service provider;
where the service is not linked to the account of the receiver, the location of the service provider.