Tag: GST

GST, demonetisation may impact wedding season: ASSOCHAM

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The upcoming wedding season starting in November may be impacted by 10-15 per cent particularly wedding services like marriage garden/marriage hall booking, tent booking, confectionery services, photography and more, reveals by industry chamber ASSOCHAM. Demonetisation and Goods and Services Tax (GST) are likely to impact the upcoming wedding season in India as people will have to shell out more on buying jewellery and apparels, at salons and beauty parlours, photography, even for hiring venues like hotels/marriage palaces, courier and other related services, reveals the ASSOCHAM It is being estimated that…

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Festive mood missing across Jammu markets post Demonetization, GST

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With days left for Diwali celebration, markets in Jammu, which were always full with customers, are reeling under impact of GST and demonetization as customers stay away and traders rue the decisions taken in haste. “The main markets in Jammu are not as busy this year as previous years,” said Mohan Sharma, a resident of Gandhinagar. About sweets, which come under restaurant category of GST, the sellers or buyers are not happy with the slab rates, which are set at 5 per cent, 12 per cent, 18 per cent and…

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GST, Article 35A and Special status: A complex story unfolds in J&K

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When the Goods and Services Tax (GST) was extended to Jammu & Kashmir a week after it was implemented in the rest of the country, it was widely seen as marking the end of the state’s fiscal autonomy, and a step towards the abrogation of its special status. While the opposition National Conference (NC) described the extension of the law, through an executive Order by the President under Article 370, as an “impingement into J&K’s special status and violation of Article 370”, the Peoples Democratic Party (PDP), which is in…

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