Tax experts said historically in July and August indirect tax collections remain subdued and pick up with the onset of the festive season post Ganesh Chaturthi.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
The bank wanted to run a background check on some Indian promoters.
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
Goods like chocolates, chewing gum, shampoo, deodorant, shoe polish, detergents, nutrition drinks and marble will now attract 18% GST>
India must first improve working condition, then it can concentrate on Make in India concept.
The total revenue earned by central government and state governments after regular settlement in December was Rs 43,851 crore for CGST and Rs 46,252 crore for SGST.
The collections stood at Rs 98,202 crore in the month, against Rs 1.02 trillion in July. The figures indicate continuation of economic slow down which was reflected in the gross domestic product (GDP) growth which plummeted to a 25-quarter low of 5 per cent in the first quarter of 2019-20, experts said.
In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players.
The RBI on April 6 directed all payments service providers to make sure "that the entire data relating to payment systems operated by them are stored in a system only in India."
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
The recent ruling by the Authority of Advance Rulings making back-office services provided by a company to global firms taxable under GST, has sent shockwaves through the information technology and business process outsourcing industry.
Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.
The expansion into smaller towns is coming at a time when the online retail space has not only seen consolidation but is actually looking to collaborate with physical stores. Abhineet Kumar reports.
The Centre managed to collect only Rs 990 crore as compensation cess in April 2020-21, almost one-ninth of the figure of Rs 8,874 crore mopped up a year ago. The subdued collection would further increase states' problems unless the GST Council, which meets next week, decides to borrow from the market.
In the age of robots and automation, skills such as people management, coordination and negotiations will be relevant, says Babita Shekhar.
Unauthorised sale of data to third parties will land developers in trouble.
The interest offered is mostly 0.5 to 1 per cent more than what other banks offer. Moreover, customer service and long-term association spanning generations are also other reasons for the popularity.
Plans to offer up to 10% of project cost as bonus to highway contractors, compared to 5% at present
If a house is sold and the proceeds are used to buy another, whoever contributed to the purchase of the first house can claim exemption on capital gains tax
I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption
Lack of closure to the algo controversy could weigh on sentiment, say experts
'Perhaps there is a greater understanding of small town India amongst our stars today than earlier.'
In its investor presentation, IHH said it wanted to develop Fortis into a market leader.
If Indian storytelling can deliver, it can make the entertainment industry an engine of economic growth and a substantial contributor to GDP, says Vanita Kohli-Khandekar.
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
The problem is not that more people are not watching more TV, but that they are not finding anything of interest on Hindi television, says Vanita Kohli-Khandekar.
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
Some companies are already seeking review of the new norms.
The company is likely to choose one of its existing auditing partners -- PricewaterhouseCoopers, EY (formerly Ernst & Young) and KPMG -- as an advisor for the listing process.
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
Right steps you can considerably reduce the tax outgo.
The deduction will be higher and net take-home pay will fall.
The competition between app-based taxi services has led to a drop in prices and more choices for customers.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
It is doubtful that our political masters are even aware of the features of the Model Law.
The move comes after Neeraj Kanwar's reappointment as managing director was rejected by minority shareholders owing to his salary, which increased in spite of a fall in the company's profitability.
SHe-box deals with complaints from women employees in both public & private sectors.
