GST Rate: Penalties for Traders Who Fail to Pass on Benefits The GST Council has reduced tax rates on several goods, and traders who do not pass this benefit on to consumers will be liable for penalties under the Weights and Measures Act. If the...

Mumbai: India's prospects of becoming a global manufacturing hub may diminish due to a decline in goods exports to the United States, according to a report by the rating agency Moody’s. However, strong domestic demand is expected to cushion the impact of external pressures. The...