Under the Vivad se Vishwas scheme, the MNCs will have to bring in disputed amount to India, else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid.
Indian economy about to take-off
'The professional or the freelancer needs to pay taxes from his pocket first and then wait for payments from his clients.'
GST is the biggest revenue shake-up since independence
Many private economists consider the deficit target optimistic, citing weak tax receipts in a sluggish economy and high federal expenditure commitments.
'GST is imperative for India's success.' 'Without GST India will be a less competitive country.'
Global events will continue to be in the limelight, besides domestic policy.
Party MLAs, including Madan Lal, Jarnail Singh, were seen lunging at Mishra and dragging him as he raised a poster.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
A look at the team behind the Congress' aggressive stance.
Negotiations near deadlock, as states oppose Constitution Amendment Bill.
Clever wordplay does not change the fact that the government is going pretty easy on some tax offenders, says Arup Roychoudhury.
The Congress, however, said it wanted to see the final print on the wording of the dispute resolution mechanism before committing its support to the Bill
The suspense over the controversial bill continues as the BJP insists that it was not introduced as Lok Sabha witnessed its stormiest proceedings ever.
As freebies/gift vouchers attract GST, retailers are opting for straight discounts this festive season.
Taxpayers might face several issues while filing returns this year.
The BJP leadership is understandably mulling all options on the roll-out of the GST.
States should have enough time. We still do not know the rules. There are a lot of operational difficulties, says Jammu and Kashmir Finance Minister Haseeb Drabu.
The surge in export, domestic demand and public spending in infrastructure projects might revive private investment during 2017-18.
Maharashtra has the opportunity to solve all these problems by voting for the Congress and NCP, he said.
A moderate GST rate obviates the need for the two-rate structure.
Officers from various departments including the finance ministry to be part of rehearsal event
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
"There will be some challenges" in the switchover to GST in the short term, Finance Minister Arun Jaitley has warned.
There is much work to be done to design a good GST.
Finance Minister Arun Jaitley to discuss key issues with state finance ministers.
GSTN said those who do not want to give their Aadhaar numbers would have to undergo physical verification.
Govt looking for common ground on GST; hopes to pass it soon.
Five years after demonetisation, which sought to curb black money and reduce cash circulation in the economy, 70 per cent of respondents said they paid a large component of the total payment towards a real estate transaction in cash. About 16 per cent said they paid over half the amount in cash, observes Shyamal Majumdar.
The largest challenge for the gigantic exercise between the Centre and the 29 states was to keep the latter interested over the years.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
This taxation applies to all types of transfer of property.
Consensus building is likely to be the biggest casualty.
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
On retirement, you will draw a lesser amount as pension.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
The recent surgical strikes in Pakistan-occupied Kashmir are expected to grab limelight during the month-long session. Some parties have alleged that the government is trying to politicise it.
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