A revival in betel leaf export from India has been marred by the imposition of 18 percent Goods and Services Tax (GST) on air freight. Exporters fear this may allow India’s main competitor Bangladesh to gain an upper hand in the export markets, particularly the UK, which, with the presence of a large Asian population, has become the top buyer of Indian betel leaves.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Meghalaya Extends VAT Exemption on Fruit Wine to 10 Years, Boosting Local Wine Industry
- Allahabad HC: Arbitrary GST Registration Cancellations Without Reasons Amount to ‘Economic Death’ for Businesses
- Chennai Fake GST Invoice Racket Busted; ₹350 Crore Evasion Suspected, Prime Accused Arrested
- Overpaid GST: Rectification or Refund? Understanding When to Adjust and When to Claim Refund
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
