Loan & Finance Tips on Your Finger Tips

Considering the impending climate change, one thing is sure that there will be a huge boost in the sales of electric vehicles across the world. As electric vehicles do not contribute anything to the pollution like other vehicles based on diesel and petrol do, they are a perfect choice for transportation purposes. Indian Government realized this and to push the sale of electric vehicles, the GST council has decreased the GST rate on electric vehicles from 18 percent to 5 percent. This move will certainly help in uplifting the lagging electric vehicle infrastructure in the country. On July 1, 2017, the launch of GST (Goods and Services Tax) was the biggest reform that India has seen since 1990. Through GST, various categories of goods and services come under the 5 major tax slabs of 0% (No Tax), 5%, 12%, 18%, and 28%. Earlier, the GST on electric vehicles was 18% which made the overall cost of them pretty high and thus, there was not much sale. After the reduction in the GST on el...

Gold is the most favorite and trustworthy savings commodity for the Indian people. It is also a status symbol in many of the parts in our country, the more amount of gold you possess, the more stature you have in the society. It has always been like this from the hundreds of years as we all know that our country used to be known as The Golden Bird because of the amount of gold we have back then. We have brought the act of buying gold on certain days as our holy custom. India’s gold industry is considered to have more than 300,000 jewelers, which consists mostly of small, family-run businesses. Gold is also considered to be a safe investment option in our country. When the GST arrived on the 1 July of 2017, by the government of India to overhaul the complicated tax structure of India, it made a huge impact on various categories. But GST Impact on Gold Industry was a noticeable one as it eliminated the various kind of taxes like Excise duty and VAT (Value Added Taxes) on it by imp...