India Budget 2012-13 : GST from August 2012

This entry was posted on Friday, March 16th, 2012 and is filed under Cashew.

There is nothing to the cashew sector in the Indian budget 2012-13 except an official announcement on the plans of introduction of GST (Goods and Services Tax) from August 2012. When the big Change is coming in the form of GST, nobody needs any kind of large-scale changes in the prevailing laws or conditions. So the budget is a cautious budget with only minor changes in the Tax rates, but with out any policy related changes.

Indian raw cashew market has started to decline on fiscal year-end activities but the West African sellers, who were waiting for some lucrative offers from last few weeks, are now in the driver’s seat and they may get their asking price.

Filed Under: Cashew