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MSMEs to be hit by 18% GST for job work

Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of…

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Trump’s hefty tariff on Brazil expected to push the country towards China | Donald Trump News

When Brazilian President Luiz Inacio Lula da Silva was in China earlier this year for his third meeting with Xi Jinping since returning to office in 2023, he hailed the relationship between the two countries as “indestructible”. That proximity will likely increase even more following United States President Donald Trump’s announcement of a 50 percent…

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