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TDS under GST law, is to be deducted at the rate of 1% on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an individual contract, exceeds INR 2,50,000. However, it is to be noted that no tax deduction is required where th...
Although staff would have preferred a faster adjustment, the authorities' gradual approach may indeed be the most effective way to deal with this issue. Staff cautions, however, that any slippages on this path would weaken the authorities' credibility and could jeopardize the benefits of the ...
In short, whether trade liberalisation benefits the general population often depends on factors other than trade liberalisation itself, such as governance, income distribution and policies of equity promoted by the government. The wealth generated by increased exports, for instance, can, depending on ...
In furthering these relationships, China often takes advantage of its longstanding ties with develop- ing countries; the absence of Western competition;88 diplomatic support (including at the UN); and benefits such as aid, development and infrastructure pack- ages.89 Critics argue that Beijing is ...