The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
India studied the Malaysian model, which was scrapped on Wednesday, before implementing the GST and borrowed the anti-profiteering clause to ensure GST benefits are passed on to the end-consumer by the industry
The National Highways Authority of India will this year witness the highest ever growth out of the last decade. But Gadkari himself admits his biggest failure as India's roads minister has been his inability to curb loss of life in road accidents.
'There's a huge need for advancements in current security incident logging and monitoring practices.'
The price of petrol breached a three-year high on Monday at Rs 74.50 a litre, while the price of diesel was at its highest at Rs 65.75 a litre
India's participation in Olympics will be decided only by the general body of the Board of Control for Cricket in India, which in all likelihood won't change its present stance of not taking part as they don't want to follow the Olympic charter.
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
Brazilian striker Neymar Jr is leaving FC Barcelona, the Catalan club confirmed on Wednesday, as a radio report said he was moving to French team Paris Saint-Germain.
The window for registration is open up to September 30
The govt could allow start-ups and e-commerce cos to appropriate initial brand building expenses over several years for accounting benefits
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
A well-established tax system would have a predictable buoyancy - how fast the collections grow as a proportion to the growth of the economy. But that is not the case with GST. It is still undergoing substantial changes as the government responds to structural as well as administrative glitches.
'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.'
Manchester United expect profits to fall back from last season's record levels after the club splashed out on new players to try to regain its place in Europe's soccer elite.
Leicester City have returned to the Premier League for the first time since 2004 despite not kicking a ball on Saturday after Queens Park Rangers and Derby County both lost.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
Barcelona are concerned about the financial clout of the Premier League when the new English television deal kicks in for top-flight clubs next season, said president Josep Maria Bartomeu.
Or is all of media being re-invented, asks Ajit Balakrishnan.
Pratt, who joined the firm in 2004, has left the company to start his own entrepreneurial venture.
The government's stated vision is that it wants to make India a manufacturing hub and that is where such a rush or confusing policies don't help, reports Shubhomoy Sikdar.
China Development Bank takes Reliance Communications to NCLT over loan default
The report claims it will take another six months before the government decides precisely what it wants to achieve from Brexit
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore.
The B-school also witnessed new roles in the domain.
The norms will affect companies in pharma, energy, manufacturing, software sectors.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
Finance Minister Arun Jaitley is likely to slash corporate tax rate by about one per cent and may put an end date for certain exemptions availed by the industry.
The major reason for the policy confusion over e-vehicles is the lack of conviction within government about the utility of this disruptive technology and its role in India's larger Paris Agreement climate change commitments.
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
The system has gone through three rounds of testing for its load-bearing capacity.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
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