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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
Criterion for corporates will effectively rule out entry for business houses.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
Place your bets only on cities where you can easily monitor and where there's visible growth.
"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
Returns for income earned till FY12-13 can be filed till March 31.
Experts share their views on the steps that will help businesses become GST-ready.
The deduction will be higher and net take-home pay will fall.
Supreme Court allows more instruments to use the biometric card.
Insurance company will bear the cost of digitising. It will in turn benefit from lower expenses on servicing policies.
Right steps you can considerably reduce the tax outgo.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
The state is trying hard to improve ease of doing business by several notches.
It's not easy to ignore the newspaper ads with Diwali offers.
Experts say only three per cent individuals pay taxes.
TCS still ace in the pack
News media takes a beating from the economy, advertisers and the rupee. To stay afloat, publishers are reacting by folding up businesses and axing staff.
The government has provided a long-term vision.
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