India expects to remain unscathed this time, mainly because it is in a sweet spot as the world's third largest oil consumer, after the US and China, says Subhomoy Bhattacharjee.
'GST had to come close on the heels of demonetisation as part of the same package.'
'After we released the report, the stir it created took us by surprise.'
'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
There is discrimination against women in insurance cover. As a flood of insurance companies tap the capital markets with public issues, there is however, hardly any reference to this asymmetry. Subhomoy Bhattacharjee reports
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?
Inter-state supply may come under GST composition
Tax experts are nudging the authorities to figure out why so many assessees are not filing their returns.
Deadline ends, after two extensions and only 70% file detailed return for July
Rapid rise in disposal of corruption cases against govt employees has helped
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
A corpus of Rs 20,000-30,000 crore is under consideration, to narrow the input tax credit cycle and facilitate their working capital requirements.
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