Shipments of handmade carpets and other floor coverings have been hit badly following the imposition of 18 per cent GST on job works and 12
Day: July 20, 2017
GST Rates: Tax officials to ‘Go Slow’ on enforcements under GST–20.07.2017
Indirect tax authorities will go slow on enforcement actions under the goods and services tax for the first six months, to give time for the
Income from House Property: Rented out your house? Here’s how to calculate income from house property for tax purpose–20.07.2017
By Shalini Jain, Tax Partner, EY India House property comprises any building or land attached thereto which you own. It includes flats, shops, office space,
Flipkart to showcase its operations to customers–Economic Times–20.07.2017
E-commerce major Flipkart will give 20 select customers a behind-the-scene experience of its operations to give them a feel of how online shopping works after
ITR filing: 7 changes that affect income tax return filing this year–20.07.2017
Like every year, income tax return filing is going to be little different this year as well. So, before you begin filing your income tax
UIDAI launches mAadhaar app; Now you can carry your Aadhaar on mobile–20.07.2017
NEW DELHI: Now you don’t need to carry Aadhar card everywhere for verification and availing Aadhaar-based services. UIDAI, which issues Aadhaar numbers, has launched mAadhaar
What does limited liability mean here?–Economic Times–20.07.2017
A bankruptcy court has reportedly ruled that a promoter cannot escape liquidation of her personal assets by simply filing for bankruptcy. Going after the personal
Goods & services tax: Tax reform’s just one bit of it–Economic Times–20.07.2017
By Krish Iyer India has finally introduced the goods and services tax (GST) that is going to facilitate the creation of ‘one nation, one tax,
Bad loans crisis: In shocking revelation, banks may take Rs 2.4 lakh crore haircut just to resolve 50 top NPA accounts – The Financial Express–20.07.2017
The report said the economic value method has been applied to arrive at the sustainable level of debt. Banks may have to take a haircut
GST protests a sham; tax on fabrics a non issue; know the horror stories and more – The Financial Express–20.07.2017
As the textile trader sends the product for dyeing and printing, he will pay processing charges, with a 5% GST. Before the government made
GST must not turn into instrument for pushing small and informal out of economic mainstream – The Financial Express–20.07.2017
The problems might continue for several businesses even after they migrate to GST if they are part of value-chains that rely extensively on products not
As jitters subside, focus shifts from first GST invoice to first GST return – The Financial Express–20.07.2017
Since the GST law is at a nascent stage, varied interpretations by trading partners were expected. Amidst the commotion on account of implementation of
Widening of direct tax base | Business Standard Column–20.07.2017
Implementation of the goods and services tax (GST) from July 1, 2017, is a huge step forward in uniform nation-wide collection of indirect taxes. Prime
Exporters continue to face the heat as shipments pile up | Business Line–20.07.2017
Three weeks after the implementation of the Goods and Services Tax (GST) regime, exporters are still struggling to get their consignments shipped as customs officials
Taxpayer base likely to reach 90 lakh, says GSTN Chairman | Business Line–20.07.2017
The taxpayer base seems to have expanded significantly under the Goods and Services Tax (GST) and the GST Network expects the total registrations for the
[ IBC Law ] More steel to lenders | Business Line
The Gujarat High Court verdict in the Essar Steel case sanctifies the IBC process and strengthens the hands of lenders Counter-intuitive as it might
Canara Bank Q1 profit up 10% | Business Line–20.07.2017
Aided by lower deposit costs, improvement in interest & non-interest incomes Reduction in cost of deposits and improvement in net interest income and non-interest income
‘India’s economy set to reclaim top spot for growth this year’ | Business Line–20.07.2017
Having been in the offing for close to two decades, the goods and services tax (GST), which the government touts as the biggest domestic tax
[Income Tax Evasion–]Mission clean up | Business Line–20.07.2017
While the Central Board of Excise and Customs is busy issuing Notifications and Circulars in a bid to clear the confusion over various provisions of
Cement majors put up a strong show in June quarter | Business Line–20.07.2017
The stock prices of the top two cement players — ACC and UltraTech Cement — were down marginally post announcement of their results. However, both
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