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Goods and Services Tax bill has reached its final stage of implementation and has already been passed by the Lok Sabha. The government has received industry specific requests to address some of the issues as they are finding it difficult to deal with the changes proposed under the new indirect tax regime. Some trade bodies are also lobbying for a further delay in GST rollout as Small and Medium Businesses (SMBs) are yet to adopt the changes required for a smooth transition.
While this transition will not pose a big challenge for manufacturers http://www.cheapjordan12shoesforsale.com/ , as they are already tightly regulated by the excise law, wholesalers and retailers in the country may face some heat.
Wholesalers and Retailers Outside Tax Bracket
Under the current indirect tax regime Cheap Jordan 12 , wholesalers and retailers usually escape the tax liability as there is no mechanism by which their actual purchase and sale can be traced. Most of their transactions are done in black, meaning no invoice is issued to the buyer Cheap Jordan 14 , and eventually no entry is posted in the books for such sales.聽
These taxpayers usually leverage the tax liability evaded and undercut the market to gain in volume. Their margin of profit remains as low as 1 percent. Since under the GST regime, every invoice pertaining to taxable supply has to be uploaded on GSTN鈥檚 common portal and has to be accepted by the buyer Cheap Jordan 13 , wholesalers and retailers will now be unable to escape their tax liability. The only possibility for tax evasion would arise if the entire supply chain is outside the tax network and did not file a return under GST law, which is very unlikely.
Impact During Demonetization
During demonetization Cheap Jordan 1 , wholesalers and retailers had gone into a panic mode. Many wholesalers, distributors Cheap Jordan 11 , and retailers had to de-stock the inventory and reduce the volume of destocking was triggered largely due to a steep fall in demand from the consumers. Sales of some of the FMCG companies in Q3 FY17 dropped more than 44% as compared to Q3 FY16, According to the data from Care Ratings report dated March 15 Cheap Jordan Retro Shoes , 2017.
Impact of Demonetization on Consumer Goods
Many of these FMCG companies had lamented that while the fall in consumer demand was limited, sales were severely impacted due to limited stock availability at retailer鈥檚 end.
Pre-Implementation Impact
We may witness a similar destocking activity during the transition phase. This will mainly be for easy availment of input tax credit. Wholesalers and retailers currently registered under state VAT law would have paid VAT on all the stock held at the sunset date of the current tax regime. Though provisions have been incorporated in the GST Bill wherein VAT paid under current regime will be allowed as input credit under the GST regime Cheap Air Jordan Shoes , however, the government has imposed certain conditionsfor availing this credit and thus wholesalers and retailers may lose some part of this credit under the new regime.
To avoid such scenarios Cheap Jordan Retro , wholesalers and retailers are expected to de-stock the inventory during the transition phase and eventually re-stock under the new GST regime.
Post-Implementation Impact
Post GST implementation, these wholesalers and retailers will not be able to evade tax as the complete value chain will be tracked online. This may also result in a change in the modus operandi of the businesses working on thin margins. Also Cheap Air Jordan , we may observe a steep rise in demand for goods as a result of re-stocking by wholesalers and retailers.
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The alluring power of Ayurveda


In the era of globalization people are busy in the rat race of development that means promotion in workplace. Weekdays our activities get restricted inside the four walls of office and from dusk to dawn our physical activities is mostly going to office and coming back to home at the end of the day. The main problem by which most of the people suffer is either obesity or any kind of stress related disease. Are you one of those ill- fated persons who surf various online shopping sites but end up after a deep sigh because of their inappropriate physique? Due to the fast life style you are feeling like this but this is temporary if you feel like to delete this phase forever from your life. You must be thinking that this article will indicate either to some overnight miraculous solution or by some expensive process. Hitting to gym and shedding down weight is time consuming as well as costly. How many of you even thought of visiting to Ayurvedic Medicines Manufacturers for body mass related problems?


Ayurveda works if someone trusts


Gen-Y has a tendency to look down upon Ayurveda medicines as if it is some medical remedy from pre-historic time. You must remember one proverb from the school time that old is gold. Patience will provide you the best result but trust should be the primary factor. If faith is there then sky is the only limit. You can be a proud user of Ayurveda if you feel like using it regularly without making any mistake. Medicine is not always boring as you think after become a regular consumer of Alloptahy or Homeopathy medicine. Switch to Ayurvedic Medicines and observe the difference inside you itself. You can give a try to this brand new Ayurveda as this is the time when you must see a change in medication process also. Are you ready for this transformation process? Ayurveda has no side effects- even if it fails to deliver you the desired result which you want. Herbal products are the main ingredients in this Ayurveda medicines so it will be like you are tasting some greens. Medicine time will turn out to be fun time once you start having faith in this Ayurveda.


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