Goods and Services Tax

Party gave Sinha a lot but he acted like a Congress leader: BJP

The BJP on Saturday said that it was not surprised by former Union minister Yashwant Sinha's announcement of quitting the party, saying his comments …

India

Centre congratulates Bengal for becoming revenue surplus

Kolkata, April 22 (IANS) The Central government has congratulated the West Bengal government as the state has become revenue surplus in March, …

India

India's growth momentum must continue despite elections: IMF

The International Monetary Fund has said it wants continued momentum in India's growth and structural reforms despite the election period.<p>A number of …

India

This book seeks to decipher GST

Though rolled out last year with much fare across the country, the Goods and Services Tax Act (GST) continues to remain a hard nut to crack not just …

India

Big reforms made India fastest growing major economies globally: Garg

Washington, April 21 (IANS) The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability …

India

Former customs officer jailed for fraudulently obtaining GST refunds at Changi Airport

SINGAPORE: A former customs officer has been sentenced to 15 months' jail for fraudulently obtaining Goods and Services Tax (GST) refunds when she …

Credit Cards

Petro products need to be brought under GST: Pradhan

Patna, Apr 20 (PTI) Petroleum and Naural Gas Minister Dharmendra Pradhan today stressed on bringing petroleum products under the GST to provide …

India

Petrol, diesel prices reach sky high, govt blames price jump in international market

Union Minister Dharmendra Pradhan said that petroleum products need to be brought under the ambit of the Goods and Services Tax (GST), adding that …

India

Upcoming elections may slow Indian economic reforms pace: IMF chief

United Nations, April 20 (IANS) India's pace of economic reforms may slow down in the coming months because of the impending elections, although it …

Economic Reform

IMF projects India's growth at 7.4 per cent in 2018

NEW DELHI: The International Monetary Fund (IMF) on Thursday said that it expects India to re-emerge as one of the fastest growing major economies in …

India

India's reforms bearing fruits and benefiting people, make case for more steps: IMF - Firstpost

<b>Washington:</b> The reforms carried out by India has been bearing fruits and benefiting people, making a strong case for more steps, a top IMF official …

India

Plea to remove cess

Waste cotton traders in the State have sought removal of market cess on the product.<p>R. Senthil, co-ordinator of the waste cotton traders’ …

Trading

Audi India sees flat sales in 2018 following duty hike

Kolkata, April 20 (IANS) luxury carmaker Audi India, which had looked at a double-digit growth this year, is now expecting that sales will be flat in …

India

Relief under GST will be for future residential projects- Impact muted for on-going or nearly completed properties

<p>GST has simplified the tax treatment for the realty sector and has resolved some of the long-standing issues like valuation and tax type. It is …

Real Estate

Muslims cry foul over alleged GST hike on Haj

A section of the Muslim community in Uttar Pradesh has threatened to take to the streets over the increased expenses of the Haj pilgrimage.<p>And they …

India

Tourism will help Tripura develop: CM

Agartala, April 19 (IANS) Tripura will flourish swiftly if tourism is developed, Chief Minister Biplab Kumar Deb has said, adding his BJP government …

India

Amit Shah claims BJP’s model of development ‘most inclusive’

BJP national president Amit Shah, in his interaction with OBC leaders, professionals and traders in the city on Thursday, argued that the model of …

India

Falling apparel exports

Faster refund of taxes paid will help improve the sector’s cash flow, but underlying issues remain

Exports

Govt advances deadline for GST seller returns for April, May, June

However, the government has not changed the deadline for filing GSTR-3B

India

GST Consumer Welfare Fund can be given as grant to Centre, states: CBIC

Besides, the CBIC also notified Form GSTR-10 that businesses would be required to fill up in case they want to cancel or surrender their registration …

India

India must fully implement GST to avoid tax revenue underperformance: IMF

India, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax …

Business (India)

Akshaya Tritiya Hasn’t Always Been Good For Titan’s Shares

Titan Company Ltd., India’s largest maker of branded jewellery, has often disappointed investors on Akshaya Tritiya.<p>The stock fell as much as 1.6 …

India

World Bank Says India Has Recovered From Demonetisation, GST Blues, Sees Buoyant Economy

World Bank says India has recovered from effects of DeMo and GST and economy will grow 7.5 per cent in 2019-20

India

Heng Swee Keat says would be 'very happy' to remain finance minister after Cabinet reshuffle

SINGAPORE: When asked on Wednesday (Apr 18) whether he would be changing portfolios in the upcoming Cabinet reshuffle, Mr Heng Swee Keat remained …

Goods and Services Tax

Will raise exporters' GST refunds with Finance Ministry: Prabhu

New Delhi, April 18 (IANS) In response to exporters' demands, Commerce Minister Suresh Prabhu on Wednesday assured them of taking up the issue of the …

India

Morgan Stanley’s Take On How Investors Can Manage India’s 2019 Election Risk

India’s next general election presents a tail risk—more so when the market is unsure if the world’s largest democracy will re-elect a majority …

India News

Beware! Your Reimbursement Will Soon Come Under GST

Our wonderful Indian Government is planning to soon roll-out a policy that'll most probably raise a whole lot of questioning among normal citizens like us. The reimbursement that employees, who work in the private sector, receive will be apparently taxed as the Government wants "indirect earnings" …

Government (India)

Garments exporters seek sops to tide through liquidity crunch

India’s exports fall while global demand is on the rise

Exports

GoM to meet today, discuss simplification of GST returns

<b>New Delhi:</b> A Group of Ministers (GoM) under Bihar Deputy Chief Minister Sushil Modi will meet tax experts and representatives from industry on the …

India

Group of Ministers finalises 'fusion' model for GST filing

The Group of Ministers (GoM) headed by Bihar Deputy Chief Minister Sushil Modi on Tuesday worked out a new 'fusion' model for the tax filing by the …

India