NEW DELHI: The Central Board of Indirect Taxes and Customs issued much-awaited clarifications to address problems faced by businesses when companies offer discounts to sellers. The move follows a discussion in this regard at the last all-important meeting of the GST Council, where GST rates were reduced.Very often dealers are offered discounts to push products…
Experts are of the view that the impact of Trump’s tariffs on India is likely to be limited. US President Donald Trump has unveiled extensive reciprocal tariff proposals, declaring “our country has been looted, pillaged, raped, plundered” by foreign nations. During his speech on ‘Liberation Day’, Trump displayed a chart illustrating proposed reciprocal tariffs: 34…
US President Donald Trump on Wednesday (local time) announced sweeping ‘discounted’ reciprocal tariffs on several countries, including India, which will be charged 26 per cent of its imports. However, Trump said the tariffs will not be fully reciprocal and the US will charge countries around half of the levies they put on Washington. In a…