Under the new system, Infosys will handle end-to-end solution - from e-filing to return assessment to refund processing. The new portal is also expected to process the refunds within one day of filing of tax returns, in huge relief for taxpayers.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
Telangana govt currently provides the state's 5.83 million farmers an income support of Rs 4,000 per acre per season, irrespective of the size of their land holding
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
Slight recovery in growth is expected only in July-September.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
The Centre has projected reining in its fiscal deficit at 3.3 per cent of GDP in FY19.
In terms of disability adjusted life years, an average person in Delhi lost a healthy week of their life in 2017, and almost all of it due to outdoor air pollution.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
'A growth of above 7 per cent when the fundamentals of the economy are becoming stronger still makes India the fastest growing large economy.'
The new governments will have to spend much more than Rs 220 billion in Rajasthan, more than Rs 160 billion in MP, and nearly Rs 30 billion in Chhattisgarh.
Industry had sought this 3-month extension, specifically for players struggling to collate the information that are required to be disclosed in the GST forms.
The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly. Abhishek Waghmare explains how that is done.
The forms might soon come "pre-filled" and taxpayers won't have to fill details such as income, income sources, and personal details
To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections.
The trend holds true globally as well, but with lower levels of inequality among the sexes, where on average, hourly wages of women are 16 per cent less than those of men.
He did not believe in any fiscal puritanism. In 2012, when it was almost certain that the government will breach the 2012-13 fiscal deficit target, he wrote that in abnormal times, abnormal measures are required to get back to normalcy.
The challenge before the government now is to use the factors that are favourable to its benefit.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
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