With recent rate cuts, November collections could be even less
Govt doesn't buy restaurants' input tax excuse and has swing into action and looking into profiteering complaints on social media against prominent restaurant and franchise chains.
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
Piyush Goyal has begun his term as railway minister with characteristic energy, but not all his new initiatives are being praised
'At the end of the day, we want to see maximum items out and only few items remaining in the 28 per cent slab.'
Rahul Gandhi, who is scheduled to again visit poll-bound Gujarat from Saturday, said the government can't break the back of small and medium businesses, crush the informal sector and destroy millions of jobs.
'Significant reductions in the compliance obligations mean businesses earlier struggling to comply will now have enough time to prepare and comply within the extended timelines.'
The GST Council's agenda includes trimming the number of items in the 28 per cent slab by 75 per cent, easier compliance for assessees and small taxpayers, and a presentation on bringing real estate under GST.
'There is something fundamentally wrong with the GST -- whether be it the rates, compliance, or the GST Network itself.'
Only luxury and 'sin' items could be left in highest slab. 12 and 18 per cent slabs could be merged in the future
India worked in close partnership with the World Bank to improve its position, says NITI Aayog CEO Amitabh Kant.
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
Why should India buy olives from Europe when it could do so from the world's largest producers?
Indian Railways under Piyush Goyal has chalked out a new plan for station redevelopment. Railway stations in 15 cities may soon offer residential apartments.
Inter-state supply may come under GST composition
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
Tax experts are nudging the authorities to figure out why so many assessees are not filing their returns.
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
The Railway Board has decided to wind up the ambitious Rs 5,000-crore One ICT plan and the transformation cell
The company had assets in countries like Yemen, Peru, Oman, Myanmar, Columbia, East Timor, Kurdistan and Australia, but it exited almost all these blocks later as part of its portfolio rationalisation
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