The GST Council recently reviewed tax rates and assumptions for certain items to promote growth in a high inflation environment. Various stakeholders expressed mixed reactions where private brands that were already paying 5% GST welcomed the move. However, the woes of local kirana stores increased as margins will be pressured and the complaince cost in the form of e-billing and hiring costs will increase.
Here’s presenting our Monthly Snapshot for July 2022. Our newsletter takes a deep dive into the global scenario, Government policies, Indian startups raising funds, important sector updates, the performance of various asset classes, and much more.
Contributed by: Team Leveraged Growth