The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey.
Taxation and intellectual property rights issue are some basic starting point impediments for US businesses in India, a top Indian-American CEO said on Monday.
The government is also considering mandating payments beyond a prescribed threshold only in card/digital mode.
Cricketer-turned-politician Gautam Gambhir on Thursday said he will contribute his two years' salary as an MP to the Prime Minister-CARES fund to tackle the coronavirus pandemic sweeping through the country. The BJP's Lok Sabha member from East Delhi made the announcement on his Twitter page, urging people to come forward and donate generously.
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as the Covid-19 lockdown that shut most businesses compounded tax collection woes in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per cent decline over March 2019 collection of Rs 1.06 lakh crore. The collections were lower on account of dip in revenues from domestic transactions as well as imports.
The concept of gold as an asset capable of getting anytime money is evaporating.
Indian markets may see some weakness in stocks post Fed hike.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
In a significant statement, the head of Board of Control for Cricket in India's Committee of Administrators (COA) Vinod Rai on Thursday made it clear that the BCCI officials don't need their approval to convene a Special General Meeting (SGM).
Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?
The tax, in lieu of local levies, will be imposed at the first point of a financial transaction.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
The prestigious Law School Admission Test (LSAT) for admission to undergraduate and post graduate courses in legal studies in the country will be held on May 15, 2015.
Replying to the notice issued, the Central government said that ex-gratia amount cannot be paid due to financial constraints and other factors.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
In a fresh bid to break the Bofors jinx, Defence Minister Manohar Parrikar on Saturday cleared proposal to acquire 814 artillery guns for Rs 15,750 crore.
Former Indian Premier League chairman Lalit Modi has backed Sunil Gavaskar in his feud with the Board of Control for Cricket in India over alleged non-payment of dues to him, saying the former opener was promised Rs 4 crore per annum.
The CoWIN portal will be made available in Hindi and 14 regional languages by next week, while 17 more laboratories will be added to the INSACOG network to monitor the variants of COVID-19, the health ministry said on Monday.
Kohli had argued that the batsman should be declared out if the ball is hitting the stumps, even if marginally.
Any attempt to push growth beyond 9.5 per cent in the 12th Plan period that begins next year may lead to higher inflationary pressures and current account deficit woes, says Chairman of the Economic Advisory Council to the Prime Minister, C Rangarajan.
These ambitious projects are littered with every possible acronyms and include proposed road links, air connectivity plans, electricity grids and special economic zones on coasts, says Subhomoy Bhattacharjee.
Are we running a cricket match using football rules, asks Ajit Balakrishnan.
Sri Lanka captain Kumar Sangakkara has written to the Board of Control for Cricket in India about non-payment of dues from Kings XI Punjab (KXIP) -- the franchise he represented in the first three editions of the Indian Premier League. 'Yes, Sangakkara has written to the BCCI about non-clearance of his dues. The matter came up for discussion during yesterday's governing council meeting,' a senior official confirmed on Thursday.
Captain Virat Kohli is among the highest grossers in endorsement deals, but his share of the tax-free spoils from the gross revenue of the Board of Control for Cricket in India from international games in 2015-16 is slightly lower than his Delhi and India team-mate Shikhar Dhawan's.
Venture capitalists Adam Wolfensohn and Ameya Bijoor tell Anjuli Bhargava about the kind of investments and companies they are looking to invest in.
Finding enough shows to air, creating content that gets people to pay and watch and wooing advertisers back into the fold are going to be the biggest challenges the M&E industry faces.
The spotlight is back on the hawala trade in diamonds.
The Indian cricket board will work with the National Anti-Doping Agency for a period of six months, while attaching another rider to the tripartite agreement along with WADA
India has been probing hundreds of black money cases.
The number of local youth joining militancy has shown a declining trend during the current year. Check out information revealed by ministers in the Lok Sabha and Rajya Sabha.
Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?
The Mumbai Educational Trust (MET) announces admissions for their post graduate diploma in management (PGDM -- e-business).
Whether it's about colonising Mars or donning Net-connected apparel, 2022 is a year everyone seems to be planning for, says Nivedita Mookerji.
Banerjee asked Modi not to allow "an insufferable blow to the federalist polity of the nation" by depriving the states of the GST compensation. "I am deeply anguished by the Goods and Services Tax imbroglio which tantamounts to a betrayal of the trust and moral responsibility of the Government of India towards the states, violating the very premise of federalism."
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
'I couldn't think of a more visible strategic form of cooperation than both of our armed serves using a similar weaponry jointly developed together.' Aziz Haniffa/Rediff.com reports from Washington, DC on what is expected in the India-US defence relationship during Prime Minister Modi's visit.
As West Bengal, Kerala, Assam, Tamil Nadu and Puducherry prepare for new administrations, one is reminded of the disparity that runs through the veins of the Indian states, notes Mihir S Sharma.
Mumbai police commissioner Param Bir Singh told reporters that a national TV news channel, facing flak over its attack on Mumbai police and Maharashtra government in the Sushant Singh Rajput death case, was also involved in the TRP racket.
The National Council of Applied Economic Research (NCAER) on Thursday lowered the GDP projection for the current fiscal to 4.7-4.9 per cent due to exchange rate depreciation.
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