GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages. Source: Government FAQ Which taxes at the Centre and State level are being subsumed into GST? At the Central level, the following taxes are being subsumed: a. Central Excise Duty b. Additional Excise Duty c. Service Tax d. Additional Customs Duty commonly known as Countervailing Duty e. Special Additional Duty of Customs At the State level, the following taxes are being subsumed: a. Subsuming of State Value Added Tax/Sales Tax b. Entertainment Tax (ot...
Posted by Equitymaster INOX WIND share price has Zoomed 5% and is presently trading at Rs 92. Meanwhile, the BSE CAPITAL GOODS Index is at 17,874 (Up 0.4%). Among the top Gainers in the BSE CAPITAL GOODS Index today is INOX WIND (up 5.14%). V GUARD IND. (down 0.02%) and THERMAX LTD (down 0.10%) are among the top losers today . Over the last one year, INOX WIND has moved down from Rs 144 to Rs 92, registering a loss of Rs 52 (down 36.29%) On the other hand, the BSE CAPITAL GOODS has moved up from 17,593 to 17,874, registering a gain of 281 points (up 1.42%) during the last 12 months. The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 427.19%), LAKSHMI MACHINE (up 55.41%) and WELSPUN CORP (up 25.14%). What About the Benchmark Indices? The BSE Sensex is at 35,647 (up 0.58%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 3.22%), M&M (up 2.47%) and HDFC (...
Mumbai: Foreign portfolio managers have pumped in almost $40 billion in Indian stocks and debt this year on expectations that economic growth will quicken and interest rates will be cut as lower oil prices cool inflation, making India the most attractive destination among emerging markets and in Asia excluding Japan.
Net foreign portfolio investments into debt and equities reached $39.38 billion, according to the latest official data available on Friday. National Securities Depository Ltd releases data with a one-day lag. The last time India saw such strong inflows was in 2010 when net investments had added up to $39.38 billion for the full year.
Foreign portfolio inflows into India are the second highest in the Asian region after Japan. China does not release exact data of foreign inflows.
"The entire environment has shifted towards improved policy environment, better decision-making, improving growth and declining inflation. The mix of growth inflation is getting better,...
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