Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
Tamil Nadu says it's intriguing only BJP-ruled states top the list, while industrialised states are given a go-by.
Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter
For BCPL's branded petrol, Speed, the price differential with regular petrol is now between Rs 2.74 and Rs 3.75 per litre.
The government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
Airline says can't discuss dues publicly, denies grounding of planes
'In a nation where safety standards are the lowest in the world, why make compliance expensive?' asks Aakar Patel.
In a major sign of transformation of manufacturing-dominated Chinese economy, annual output of its service sector may exceed that of the manufacturing sector for the first time ever in 2013, an expert said.
The Delhi CM's principal secretary has been described as quick, decisive, and quite unlike a 'babu'.
The GST bill's draft says tax would be levied on Maximum Retail Price
Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.
No mention of cab aggregators in GST bills
Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.
'What has taken the government so long to understand what the people of this country are going through?'
Recommends delisting of chana futures, open to lowering sugar import duty
GST will lead to consolidation of multiple indirect taxes
If the product is genuine, denial is violation of consumer laws.
The adjustment orders for AY2012, are expected between January and March 2016.
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.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
The BJP leadership is understandably mulling all options on the roll-out of the GST.
The Centre and states are likely to settle for this threshold.
The govt will have to clear hurdles to push GST by March 2015.
'It is important to improve the quality of spending.'
This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
At a meeting of the Empowered Committee of State Finance Ministers, the Centre's plan to bring petroleum goods under GST regime was opposed.
At this point of time, the requirement of the economy is obviously more investment, which will create more jobs and increase purchasing power that will sustain a high level of production, says K M Chandrasekhar.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
Pooling will also kick-start projects of Reliance Power, Torrent, Lanco.
The GST Network's chairman Navin Kumar speaks to Dilasha Seth and Indivjal Dhasmana on various aspects of the new tax regime.
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
Airlines likely to be allowed to operate with smaller aircraft.
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
The goods and services tax will level the playing field for different sectors of industry, including domestic manufacturing.
Experts share their views on the steps that will help businesses become GST-ready.
In its first acquisition in India, the American online retail giant is planning to buy out the fashion portal
Neutrality and jurisdiction in international trade need to be discussed threadbare before GST is implemented in India.
CCI investigation into predatory pricing likely
Reform ideas do not occur overnight and evolve over the years.
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
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