Saturday, 20 April 2024

 

 

LATEST NEWS 118 year old Dharamveer of Palwal district is the oldest voter in the state Take proper permission for vehicles in road shows- DEO Sakshi Sawhney, CP and MC Commissioner Ludhiana DC Sakshi Sawhney, CP and MC Commissioner felicitate toppers of class 10 CM Bhagwant Mann in Fatehgarh Sahib: Regardless how long and dark the night is, the sun of truth always shines, in 2022 the people chose the light of truth Despite Heavy Rainfall and Storm, Bhagwant Mann Remains Committed to Address Gathering in Sri Fatehgarh Sahib Gurjit Singh Aujla arrived to congratulate the Muslim brotherhood on Jumma Namaz Fortis Healthcare Launches 80-bedded Multi-Speciality Tertiary Care Hospital at Nagarbhavi, Bangalore Understanding Fatty Liver Disease: Causes, Complications, and Lifestyle Changes Harnessing the Power of Karting for Productivity and Mental Health Boost to BJP as representatives of 40 sports organisations extend support to Sanjay Tandon BJP reminds Congress candidate Manish Tiwari of the historical facts of June 12, 1975 Finally Wait is Over as Seductive Romantic Song 'Mann Kyun Behka Ja Raha Hai' Full Song is Released CGC Jhanjeri’s Fashion Show MERAKI 2024 goes in Style CEO Maneesh Garg briefs about Postal ballot facility for absentee voters Alumnus Sh. Ram Kumar Mittal, Founder & President of Swami International, USA, Inspires Students During Campus Visit to PEC In a first, CEO Sibin C holds Facebook live interaction with Punjab voters Top 9 Monalisa Hot Web Series To Watch In April 2024 | 5 Dariya News Drug awareness rally under NSS camp by RBU students Wheat planted using surface feeders at 40 places in barnala district : Punamdeep Kaur NSS PEC Organized Blood Donation Camp in Collaboration with PGIMER Biomed lab science day celebrated at RBU

 

Demonetisation, GST may impact wedding season business by 10-15%: Assocham

Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 23 Oct 2017

Demonetisation, along with recently introduced Goods and Service Tax (GST), may impact the business of upcoming wedding season, staring November, by 10-15 per cent, industry chamber Assocham said here on Monday.Wedding services like marriage garden/marriage hall booking, tent booking, confectionery services and photography are expected to get impacted.At present the Indian wedding industry is about Rs 1 trillion and is growing at 25 to 30 per cent annually. The estimated cost of a wedding with no expenses spared could be between Rs 3 lakh to Rs 8 crore."It is being estimated that the average cost of many wedding services like shopping, tent booking, food services, etc., is higher due to GST. The GST rate on most of these services is from 18 to 28 per cent. Before GST, most of the wedding service businesses like tent services, confectionery booking, etc., were using unregistered bills on which they didn't have to pay any tax," the chamber said. However, Assocham said destination wedding or the wedding tourism sector in India which accounts for less than 10 per cent share in the overall industry is not likely to face much adverse impact of GST and demonetisation as it is already a very costly affair which mainly lures foreigners, NRIs, rich and famous people for exotic weddings at beaches, royal palaces and adventurous places.

 

Tags: Assocham

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD