New GST rates are between 5-18% on sectoral products
The passage of the bill will pave the way for setting up of a GST council that will decide the tax rate, cess and surcharges.
'I cannot cope with the demand. It will take us a couple of months to ramp up production.'
A pick-up in farmer income could have a cascading impact on the rural economy, though agriculture is becoming a smaller part of India's overall rural incomes.
Chillr recently raised $5 million from Seqouia Capital.
'India has the potential to reduce its trade deficit with China by $8.4 billion in FY21.'
Finance Minister P Chidambaram on Tuesday said the country must have a basic tax structure that is broad-based and oriented to low tax rates.
The benefits are common in many cases, but are also different in some other respects.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
Here's everything you need to know about the Goods and Services Tax Bill.
The aim of the exercise was to further simplify GST forms and make the filing process more user-friendly, the finance ministry said in a tweet, reports Dilasha Seth.
Manufacturing taxes, VAT will come down, assures Jaitley
Large states like Andhra, Chhattisgarh, Gujarat, Himachal, MP, Odisha, Punjab and Tamil Nadu would need compensation from the Centre
Design thinking is not designing as traditionally understood.
With less than a year left for the scheduled introduction of the Goods and Services Tax (GST), most states have increased their VAT (value-added tax) rates. The move is seen as an attempt to extract better compensation from the Centre for loss on account of GST rollout
The year 2018 is likely to be steady in terms of institutional investment into real estate
The current salary paid by the Delhi government amounts to 17 per cent of the total expenditure.
ISRO needs next generation launchers and new facilities to manufacture and launch them.
Implementation of the VAT regime, strongly favoured by the Kelkar committee on tax reforms, has been hanging fire since April this year.
The wholesale price index inflation is projected at 6.4 per cent for 2017-18.
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
Beside manufacturing, deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.
At present, the threshold prescribed for imposition of Value Added Tax -- which will be abolished when GST comes into effect -- differs from state to state.
'We have to stop thinking about GDP and look at the impact on output and unemployment.' 'And that is not going to be insignificant.'
The 6-member Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi-monthly review, kept the repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.
Another point of contention is the invoice issued by the e-companies.
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.
The new tax is expected to subsume various indirect taxes, including excise and value-added tax.
Precious ornaments are estimated to become 3% costlier under GST
He's the hero for forging consensus on GST, popular in the Left Front and among his students, but industrialists are less than enamoured.
"Tata Communications' agreement with China Entercom allows us to serve our many global and India MNC customers who require a single scalable and reliable global VPN with deep reach into both India and China, and broad reach around the world," Tata Communications President (Global Data & Mobility Services) Vinod Kumar said.
If the industrial sector expanded, growth rate is likely to rise in the remaining quarters to reach 7.6-7.8 per cent for 2017-18.
The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so
Experts say local demand, government policies in retail and refining sector are attracting foreign players.
Most employment surveys suffer from drawbacks such as limited data coverage, infrequent data collection, and time lag
One of the grey areas is whether the anti-profiteering provisions can provide for a comparison of tax rates between the pre-GST and post-GST eras, says Niraj Bagri.
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