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India also cemented its status as the world’s fastest growing major economy, ahead of China, which grew 6.7 percent in April-June 2018. → Read More
The inclusion of natural gas and aviation turbine fuel under the ambit of GST may not be taken up for the time being in the Saturday meet. → Read More
Under the existing structure, the fuels attract the Centre’s excise duty and a state’s value added tax → Read More
Oil marketing companies can also be asked to slow down the pace of increase in price revisions and absorb some of the cost → Read More
In a report, DIPP has pointed out that GST has resulted in significantly fewer taxes ; the cutoff date for factoring in new reforms and policies for this year's rankings is June 1 → Read More
Some states want a larger stake in GSTN, which is currently owned by the government and the private players jointly; the council will also finalise a simpler, single-stage return filing form to procedures for small businesses → Read More
Half of the consumer welfare fund corpus will be used for publicity of the new indirect tax system in the country → Read More
About 70 percent of the 53 companies currently under probe are FMCG firms, followed by real estate companies → Read More
Consumer food price inflation, a metric to gauge changes in monthly kitchen costs, fell to 3.38 percent in February as compared with a 4.58 percent growth in January. → Read More
The Council will also tweak certain rules pertaining to the anti-profiteering mechanism → Read More
The Council will also tweak certain rules pertaining to the anti-profiteering mechanism → Read More
States have collected revenue of Rs 19,961 crore in January while the Centre raised Rs 14233 crore. → Read More
Besides, the prime rule of securing an e-way bill while ferrying goods worth more than Rs 50,000 within or outside a state through prior online registration of the consignment may be tweaked for the time being → Read More
As a result of the tax benefit, as many as six crore active folio holders in mutual funds would now have more incentive to invest in ETF, says Neeraj Kumar Gupta → Read More
National Informatics Centre is working overtime to iron out rough edges as further delay in e-way bill’s implementation could hurt the Centre and states’ revenues → Read More
Council’s New Delhi meet on Thursday to take up big bang recommendations from states and various officers’ panel → Read More
In Budget 2015-16, Arun Jaitley had laid a roadmap to bring down the corporate tax rate to 25 percent within four years → Read More
The law review committee’s proposals aims to simplify procedures and make the new tax system simple → Read More
Truck sales have recorded rapid growth; companies are showing signs of increased investment; hiring appears to have picked pace; key intermediate products such as steel and cement production have scaled multi-year growth highs → Read More
The council, which will meet on January 18, will also look at the provisions for the proposed e-wallet facility to enable speedy refunds to exporters → Read More