A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
Chief statistician T C A Anant says growth figure might go up once indirect tax data is fully in, however, he agrees that private expenditure is yet to pick up
Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
The prime minister is aware that whatever be its consequences, a new taxation regime cannot be launched closer to the general elections in 2019. Thus, any date after April 2017 for the launch of GST is risky, says A K Bhattacharya.
'From the time India liberalised in the 1990s, the government has policies are for facilitating the growth of the manufacturing sector.' 'The policies were put in the hope that growth of the manufacturing sector will lead to increased employment,' points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
Mahindra and Mahindra's (M&M) agri business division has forayed into branded pulses space with NuPro brand.
The very design of the GST will bring in revenue buoyancy.
He also said that the expert committee on amendments to the Income-Tax Act was expected to submit a draft Bill during the early part of 2006, but did not give any time-frame for the introduction of amendments.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
The trader's association, CAIT, which has called for a 3-day nationwide strike from Wednesday, has decided to present a petition to President APJ Abdul Kalam opposing the service tax levied on traders and the proposed value added tax from April 1, 20
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Reform ideas do not occur overnight and evolve over the years.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
Around 275,000 migrant labourers and their family members have returned to the state. According to the state government, this number could exceed 1 million by the end of this month. As the NDA government in Bihar is scheduled to face polls at the end of this year, providing livelihoods to these people is on the top Chief Minister Nitish Kumar's agenda.
The GST will subsume excise, service tax, value added tax, octroi etc.
Economists on Saturday urged Finance Minister P Chidambaram to give a "big push" to the economy by stepping up investment in agriculture and infrastructure besides rationalising taxes, introducing value added tax
Software major Wipro Technologies and US-based HighJump Software announced a strategic alliance on Thursday to offer complete, integrated multi domain solutions in supply chain execution market worldwide.\n\n
Prices of essential commodities are likely to rise because of the strike, which has been called to protest against frequent hikes in diesel prices and value added tax.
The nation-wide two-day bandh by traders against introduction of the much-touted value added tax evoked a mixed response on its opening day on Monday affecting commercial activities to a great extent.
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
Chinese mobile phone users sent a whopping 217.76 billion SMS messages in 2004, up 58.8 per cent from the previous year, the government said.
Along with the US and China, India could be a big enough force in global manufacturing
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
Even if the GST rate is 18-20 per cent, there would be no average impact on inflation.
Last year, the software giant launched a cloud adoption programme for SMBs.
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