Mrs Claus but married to the Grinch shirt

Mrs Claus but married to the Grinch shirt

Petroleum products are being kept outside the scope of GST as of now. States will levy their own taxes on this sector. Tax credit for inputs will therefore not be available to  Mrs Claus but married to the Grinch shirt like the plastic industry which are heavily dependent on petroleum products. Petrol and diesel are required to run factory machinery and unavailability of input tax credit on petroleum products will most probably push up the final price of all manufactured goods

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Nowadays, many SMEs operate through their own online shopping websites or through third party websites to sell to  Mrs Claus but married to the Grinch shirt  Under GST, they will be required to register for all the states. Not only that, they will not be eligible for composition scheme and will be required to pay taxes like any large organization. E-commerce facilitators are now required to collect TCS under GST which will lead to increased complications and compliances.