The country's largest software exporter Tata Consultancy Services Ltd will not merge its subsidiary CMC Ltd. with itself, chief executive officer and managing director S. Ramadorai said Wednesday.\n\n\n\n
Encouraged by the response, UAE postal service has re-launched its parcel service to India, which guarantees delivery to the destination within two weeks and more value-added features complemented by attractive prizes in weekly draws.
The income tax department on Monday released rules for equalisation levy - a tax on online advertisements that would come into effect from June 1.
Six more states are set to join the value added tax regime from April
Intensifying their stir against the implementation of value added tax from April, traders on Wednesday threatened to down shutters for four days from March 29 and warned of "tough" days ahead for the government.
India's economic growth accelerates to 7.4% in Sept quarter
The empowered committee on value added tax will meet on Saturday to take up the issues arising after three months of implementation of the new tax system by 21 states, including compensation formula for any losses incurred by states due to VAT.
The very design of the GST will bring in revenue buoyancy.
Eyeing a share in the growing value-added services market in India's telecom sector, US-based communications company Telenity will set up an R&D centre in New Delhi with an initial investment of Rs 30 crore (Rs 300 million).\n\n
Value added tax regime has not proved superior to sales tax system in tackling tax avoidance so far as inter-state and intra-state movement of goods are concerned, says a survey.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
The finance ministry has sanctioned Rs 259.89 crore (Rs 2.6 billion) for Maharashtra to meet shortfall in revenue due to implementation of value added tax in the first quarter of this fiscal.
'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.
Saudi Arabia is insisting on 'In Kingdom' total value-addition requirements
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.
Baba businesses are sprucing up their act as they expand product portfolios and enhance brand image
Unless RBI temporarily relaxes the norms on recognising of bad loans, the pressure on this front could rise in the December quarter.
'What has taken the government so long to understand what the people of this country are going through?'
Do you understand VAT? Do you need advice on the new VAT laws and how they affect your business? Here's help.
Prime Minister Manmohan Singh said on Thursday that the United Progressive Alliance government will create a single market for manufactured and agri-products
China must maintain medium-high growth for the next five years.
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