"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.
To incentivise the Micro and Small enterprise is to offer them lower rates of interest based on their business turnover
After today's reduction, petrol price has been cut by Rs 12.27 per litre cumulatively since August.
Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
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.
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
The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens.
Armed with out-of-the box manifestos that promise abolition of income tax and unemployment allowance to educated youth, 48 Lok Sabha candidates of 21 lesser known parties have jumped in the poll fray in Gujarat.
The GST will replace more than a dozen levies central and state levies, including central excise duty, service tax and central sales tax as well as VAT on sale of goods and entry tax, to make movement of goods seamless across 1.3 billion market.
In yet another setback to Finnish handset maker Nokia, the Tamil Nadu government has slapped on it a Rs 2,400 crore (Rs 24 billion) tax demand notice related to the devices sold from its Chennai factory.
The top posts on social media from your favourite Bollywood celebrities.
The 59-year-old Batra is one of the few sports administrators to head a national Olympic committee while heading an important international sports federation.
After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from midnight of June 30, overhauling India's convoluted indirect taxation system and unifying the $2 trillion economy with 1.3 billion people into a single market.
As per the revised return filing timeline decided by the Council, for July, the sale returns will have to be filed by September 5 instead of August 10. Companies will have to file sale invoice for August with the GST Network by September 20 instead of September 10 earlier.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
100 per cent FDI is now allowed in almost every major TV distribution form (direct-to-home, cable, headend-in-the-sky, multi-system operators) and 49 per cent in TV news.
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
The Direct Benefit Transfer for LPG scheme was rolled out in 291 districts from June 1, 2013 in six phases to do away with the practice of selling the fuel at below cost rates.
The fare will be cheaper as it will be capped at Rs 2,500 per passenger.
Congress on Monday announced a slew of populist measures including sops to farmers, students, unemployed youths, minorities, raising subsidised LPG cylinders from 9 to 12 and constitution of Vidhan Parishad in its manifesto for the Madhya Pradesh assembly elections.
Vice President Hamid Ansari on Thursday visited Angkor Wat days after India allayed Cambodian concerns over reports of building of a replica of the world heritage site in Bihar.
A leap in commercial and broadcast revenue lifted Manchester United into second place behind Real Madrid on the list of the world's richest clubs in 2013-14, according to Deloitte's latest Football Money League.
Vivo, a brand of BBK Communication Technology that makes smart devices such as 4G Xshot handset, is now set to enter the fastest-growing smartphone market in India with the first launch planned later this month.
Delhi CM Arvind Kejriwal said the govt will extend a loan of Rs 551 crore to two civic bodies; and alleged a situation was being created through the ongoing strike to prepare grounds for imposition of central rule.
With rupee falling to new lows, losses on diesel and cooking fuel have widened to their highest levels this year, upsetting the government's subsidy maths.
If GDP growth in Q2FY18 remains below 7%, the outlook for Samvat 2074 would remain uncertain at best, says Nitin Desai.
Since August, petrol price has been cumulatively cut by Rs 9.36 per litre.
Details were not immediately available ahead of a planned government briefing.
All you need to know about the case and the man behind the drama that has ensued.
Recommends delisting of chana futures, open to lowering sugar import duty
In part four of a series, Arbind Modi & Arvind Subramanian explain how scrapping the exemptions for the countervailing duty will eliminate the negative protection facing Indian manufacturers
Barely 10% of small businesses are in a GST-ready position, say experts
If the product is genuine, denial is violation of consumer laws.
Deaton was at a loss when asked what the future held.
'Otherwise, how is the government going to make more revenue?' 'The most important thing the GST does is to transfer money from the household consumers who are the most productive users of capital to the most unproductive users of capital, namely the government.'
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
With the rupee continuing to remain weak against the US dollar, losses on diesel have climbed to Rs 9.45 per litre, upsetting the government's subsidy maths.
Spotlight likely on cement, metals, road cos
