Financial frauds are associated with sophisticated urban areas. But when it comes to insurance frauds, rural India has taken the lead due to various reasons.
Day: July 5, 2017
Logistics sector to gain most from GST as costs will be down by 20%: Nitin Gadkari
What impact would GST have on logistics sector? Back-of-the-envelope calculations say logistics costs would come down by at least 20%. Companies could do this with
Banks see credit growth for SMEs & self-employed after GST rollout–Economic Times–05.07.2017
With detailed information on taxes and businesses now available in an electronic format, bankers believe SME and self-employed portfolio may see faster credit expansion. These
Snapdeal board rejects $800-$900 million buyout offer from Flipkart–Economic Times–05.07.2017
The Jasper Infotech board has rejected an initial offer, estimated at $800-900 million, for its troubled online marketplace Snapdeal, from rival ecommerce company Flipkart, according
Cash of over Rs 2 lakh can be used to pay credit card bills – The Economic Times–05.07.2017
Cash of over Rs.2 lakh can be used to pay credit card bills, with the Central Board of Direct Taxes relaxing norms that barred such
Form 26AS: What is it and how does it help in filing income tax return?–Economic Times–05.07.2017
By Shalini Jain, Tax Partner, EY India The due date for filing your tax return is fast approaching. One of the most important documents that
Banking sector: More of a crisis than opportunity–Business Standard–05.07.2017
The NPA situation is likely to get worse. The Reserve Bank of India’s (RBI’s) Financial Stability Report projects gross non-performing assets (NPAs) could rise to
Maharashtra, Tamil Nadu raise taxes outside GST, Centre says they can–Business Standard–05.07.2017
Two state governments, Maharashtra and Tamil Nadu, have started imposing taxes outside the national goods and services tax (GST), something the Centre says they can
Keeping close watch on price, supply of goods after GST roll-out: Adhia–Business Standard–05.07.2017
As many as 175 officers of the ranks of joint secretary and additional secretary have been given the charge of four-to-five districts each to oversee
GST rollout: 3,500 helpdesks, 8,000 tax consultants emerge in 5 days–Business Standard–05.07.2017
According to various industry bodies, more than 3,500 GST helpdesks, 8,000 tax consultants, 100 helplines have all come up in the last five days. Help
What GST means for BJP–Business Standard–05.07.2017
A lot has been written about the transformational impact the roll-out of the goods and services tax (GST) will have on the Indian economy. In
Recast of state-run banks before stake sale wrong: RBI ex-guv Y V Reddy
Former RBI Governor Y V Reddy has said that the idea of government first restructuring public sector banks (PSBs) and then selling a stake in
GST regime: Truckers caught in twists and turns–Business Standard–05.07.2017
Not all is well with the un-organised transportation segment, mainly truck owners, post implementation of the Goods and Services Tax (GST). Three days into the
Proprietary firms to come under bankruptcy code–Business Standard–05.07.2017
After making the insolvency process easier for companies, the focus is now turning to proprietary firms. The NITI Aayog will have a meeting, in this
Cash is back–Business Standard–05.07.2017
A day after launching the goods and services tax regime, Prime Minister Narendra Modi reasserted his government’s commitment to curbing black income and tax evasion.
GDP growth not as encouraging as it seems, says Rahul Bajaj–Financial Express–05.07.2017
Rahul Bajaj said in its latest advance estimate, the Central Statistical Organisation has pegged India’s real GDP growth for last financial year at 7.1 per
GST impact: India launched good reform in complex manner, says Economist Guy Sorman–Financial Express–05.07.2017
The new regime taxes various goods and services at 5, 12, 18 and 28 per cent, while keeping essential commodities out. India has introduced a
GST impact on prices: Centre cracks whip, says firms must first advertise hike in rates in at least 2 newspapers–Financial Express–05.07.2017
Vigilant that businesses don’t hike prices using the goods and services tax (GST) as an excuse, the government on Tuesday said firms must advertise such
ARN not mandatory for doing biz, GSTIN sufficient: GSTN Chairman Navin Kumar
Application Reference Number (ARN) should not be considered mandatory by businesses for buying goods from vendors, GST Network said today. Application Reference Number (ARN) is
Reflect price revision post GST via stickers till September 30: Government–Financial Express–05.07.2017
The clarification from the government came as several businesses were left with huge unsold inventories before the GST kicked in from July 1. Clearing the
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