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What type of services has the Indian government exempted from Integrated Goods and Services Tax (IGST) from October 1, 2023?

Current Affairs October 2023 . 7 months ago

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The Indian government has exempted the payment of Integrated Goods and Services Tax (IGST) on ocean freight services from October 1, 2023. This means that importers will no longer need to pay IGST on the cost of shipping goods from overseas. The exemption is expected to reduce the cost of imports for businesses, making Indian products more competitive in the global market. It is also expected to boost trade and investment in the country.

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Posted on 03 Feb 2024, this text provides information on Current Affairs related to October 2023. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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