'One way to deal with these is to address these quickly and have rapid reaction teams in New Delhi, the state capitals and wherever possible.'
Making the announcement, Chief Minister Devendra Fadnavis said this was the "biggest" loan waiver scheme in the country.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
The GST rates for all but six items were finalised at the first day of the two-day meeting of the GST Council, headed by Union Finance Minister Arun Jaitley and comprising state representatives.
The finance minister said the government was open to suggestions.
Goa Chief Minister Manohar Parrikar, who is tipped to become the Union defence minister, on Saturday tendered his resignation from the post paving way for the appointment of his successor in the state.
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
'GST gives a huge relief to small businesses of India and West Bengal.'
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
Stocks and sectors impacted most by GST.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
.jpg)
Such direct import was formally allowed in February 2012 but the aviation companies lack the infrastructure to do so.
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
The constitution amendment Bill on a national GST is likely to be tabled in the current session of Parliament. However, the government is not confident of passing the Bill this session.
Though GST could mean complications in the short run, it will bring in undeclared revenues and streamline taxation across the value chain, the benefits should be worth the pain.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
Talks with government officials on VAT waiver fails.
Company says that this is a long-term plan as it continues to evaluate options.
Energy Minister Panagiotis Lafazanis and Deputy Labour Minister Dimitris Stratoulis also voted against the package.
Oil companies on Wednesday slashed petrol and diesel prices by Rs 2, with effect from midnight tonight.
Greek proposals hailed as "a positive step forward".
In Air 2, Apple has upgraded main camera to 8 megapixel while camera in iPad mini 3 remains the same at 5 MP.
The Centre will soon write to the states to bring uniformity in the Value Added Tax on oil products so that benefits of price cuts filter down to the masses.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
At present, 70% of the mobile handsets sold in India are imported.
Govt may not announce any new concessions in excise duty
The present tax revenue of the state is Rs 120,000 crore.
Here's a look at some of the key contenders to be part of the Delhi Cabinet
Maruti Suzuki and Hyundai would make the largest gain.
The Punjab government blames the slow growth on tax concessions in neighboring Himachal Pradesh and Haryana's proximity to Delhi.
Kerala's tax authorities are also reviewing other e-commerce companies for similar discrepancies, and might fine more defaulters.
The likely solution that appears before the AAP government is to seek for a higher quota of domestic natural gas for Delhi, which would bring down auto and cooking gas prices.
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
Noting that oil prices had gone down after the BJP-led government came to power in May 2014, before they went up, Prasad said it is a problem whose solution is not in its hands.
A one rupee per litre cut in taxes would result in revenues being hit by Rs 30,000 crore on an annualised basis.
The company will operate the IT system for five years.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances