By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
Revised tax forms will be simple; stress on foreign travel and assets has been reduced
When an NRI returns to India, he should be aware of his tax residency status.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
A moderate GST rate obviates the need for the two-rate structure.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
Bharti Airtel had planned to charge separately for internet-based voice calls provided by Skype.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
The insurance sector is seeking clarity on the 'Indian management control' clause.
At present, 70% of the mobile handsets sold in India are imported.
Recent easing of restrictions does not address the pain in the sector.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
The Constitution should not encumber these choices, specially limiting them to second-best or third-grade options.
With the help of technology and a billion citizens, two engineering students are on a mission to make India clean.
Soon, one will be able to pay utility bills at the local supermarket, while buying groceries, with the RBI allowing the setting up of payment banks.
As football fans arrive to watch Euro 2016, France's trade unions have undertaken a series of strikes to provoke a make-or-break situation. Claude Arpi encounters both Gallic beauty and ugliness in the country of his birth.
Parents always want to give the best to their children.
The GST bill's draft says tax would be levied on Maximum Retail Price
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
It will bring down the cost of a second house because of tax benefits and price appreciation
Is it just the glamour?
India Inc is facing threat from non-traditional sources.
The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
The Centre and states are likely to settle for this threshold.
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
Has the rail ministry taken care to draw up a transparent framework?
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Unlike Income Tax, service tax is not charged automatically.
Taxpayers might face several issues while filing returns this year.
Havells will acquire the entire consumer business infrastructure, people and distribution network. Plus all intellectual property of the Lloyd brand, logo, trademark and attendant rights.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
Despite the equity booster, many would be uncomfortable about NPS.
In 2013, the government awarded less than 1,500 km of road projects under the EPC mode after it found no takers for PPP projects.
Goods like chocolates, chewing gum, shampoo, deodorant, shoe polish, detergents, nutrition drinks and marble will now attract 18% GST>
Festive season is the mainstay of most brick and mortar retail chains.
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
It is high time old boys' clubs inside many large corporations come under serious scrutiny for protecting one of their own.
India must first improve working condition, then it can concentrate on Make in India concept.
