Biennial elections are being held for 58 Rajya Sabha seats across several states and by-poll for one in Kerala.
GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
Jauhar is a recurrent theme in the history of that period. And Khilji was hardly the only Muslim invader whose onset forced women to self-immolate. Nearly the entire Mughal clan, including the benevolent Akbar, forced jauhar on the defeated, says Vikram Johri.
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price increase will raise the financial burden on cash-strapped carriers.
The British were in India for over 300 years but they never became Indians. The East India Company sent all its loot back to London and the British empire continued that tradition. On the contrary, the Mughals did not send a single rupee outside India. So by what right does one call them traitors, asks A Ganesh Nadar.
'In practice, GST will increase the pain of compliance, if not the cost, a lot.' 'It also has clauses that offer scope to create a single market for corruption,' warns Devangshu Datta.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
Manchester United have deposed Real Madrid as the world's richest soccer club after revenue grew to a record $735 million in 2015-16, according to Deloitte's annual Money League published on Thursday.
Sounds good? This is science fiction but the science quotient is, so to speak, being enhanced, as the grasp of genetics improves, says Devangshu Datta.
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
Boosted by handsome royalty from oil facilities at Barmer, the Rajasthan government has spent nearly Rs 30,000 crore on various social welfare schemes in the last four-and-a-half years. Chief Minister Ashok Gehlot tells Business Standard's Mayank Mishra that the state's better performance on various socio-economic indices is a result of that. The excerpts:
The airline is gearing up to come out with an initial public offer.
Boost to dairy sector will generate jobs
Online companies would look forward to an integrated and uniform approach for tax laws and regulatory policies
Overseas airlines can operate unlimited number of flights into and out of India.
'Many theories are doing the rounds on how to declare unaccounted income.'
'One of the more interesting ideas I have heard,' says Harsh Roongta, 'is that the tax payer can state that he found the currency notes in a bag on the street.'
In Mumbai, jet fuel costs Rs 71,940.36 per kl as against Rs 73,306.89 per kl previously, IOC said.
Modi said the Goods and Services Tax has within one year of its launch led to over 70 per cent jump in indirect taxpayer base, demolished check-posts and merged 17 taxes and 23 cesses into one single tax.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
Since end-May there has been volatility in the foreign exchange market.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
Jet fuel (ATF) prices have been hiked by a steep 6.9 per cent, taking the rates to lifetime high of Rs 75,031 per kilolitre.
Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,025.34 per kilolitre, or 4 per cent, to Rs 71,800.21 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
"To begin with, people could face some difficulties because any changeover has its own problems. But it will settle down and the country will benefit from the new indirect tax regime," Jaitley said at an event organised by ABP News.
The loss on diesel sales has inched up marginally to Rs 8.37 a litre even as a surge in international oil rates and a weakening rupee wiped out gains from a 50 paise increase in the price of the fuel.
It suggested reforms in the real estate sector.
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
Vidarbha piled up a mammoth 511 in their first essay and then reduced Mumbai to 169 for six on the second day of their Elite Group A Ranji Trophy Game in Nagpur on Monday.
To incentivise the Micro and Small enterprise is to offer them lower rates of interest based on their business turnover
Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
After today's reduction, petrol price has been cut by Rs 12.27 per litre cumulatively since August.
Noting that oil prices had gone down after the BJP-led government came to power in May 2014, before they went up, Prasad said it is a problem whose solution is not in its hands.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
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The GST will subsume most of the indirect taxes like excise duty and service tax
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