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.
Mahindra and Mahindra's (M&M) agri business division has forayed into branded pulses space with NuPro brand.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
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.
The very design of the GST will bring in revenue buoyancy.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
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.
Reform ideas do not occur overnight and evolve over the years.
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.
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
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
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
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
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 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.
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.
Along with the US and China, India could be a big enough force in global manufacturing
Even if the GST rate is 18-20 per cent, there would be no average impact on inflation.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
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.
Last year, the software giant launched a cloud adoption programme for SMBs.
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
It's an undeniable fact that after enactment of GST, buying insurance will become a little expensive impacting your term plans, health plans and motor insurance plans the most. But you should not ignore the importance of insuring your life, health, vehicle, says Harjot Singh Narula
At present, 70% of the mobile handsets sold in India are imported.
The Bill has already been passed by the Lok Sabha.
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