While it is true GST collections are falling short of estimates and that the system has not, as yet, been able to check tax evasion,
Month: December 2017
SME Chatroom: Several issues require the attention of DGFT | Business Standard News–20.12.2017
The Foreign Trade Policy (FTP) says that advance authorisation can be used for procurement from an Export Oriented Unit (EOU). It also says that EOUs
FRDI–Can we bank on our banks? | Business Line–20.12.2017
The Government must clear concerns around the FRDI Bill To say that there is panic among retirees, pensioners and those dependant on interest earned from
Transit gambit: on e-way bill mechanism for transport of goods – The Hindu–20.12.2017
Already grappling with the Goods and Services Tax transition, businesses are now anxious about how the roll-out of e-way bills will pan out. Starting February
GSTN brings in option for monthly, quarterly filing of forms – The Financial Express–19.12.2017
Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, today said it has put a new function on its portal
India’s trade deficit with China stands at $37 bn in April -October – The Financial Express–19.12.2017
India’s trade deficit with China stood at $36.73 billion during the first seven months of the current fiscal (April-October) compared to $51.11 billion in the
Foreign trade policy: Mid term review reaffirms Centre’s belief in Make In India – The Financial Express–19.12.2017
Amidst a series of changes in the tax framework of the country, the government of India recently announced the highly anticipated policy development with regard
E-way bill adds to companies’ woes on GST | Business Standard News–19.12.2017
Burdened with greater documentation and compliance, consumer goods companies say the issue of interstate transfer of goods has not got easier with the e-way bill.
Access to info utilities under bankruptcy law: IBBI proposes, RBI disposes | Business Standard News–19.12.2017-R
Even as the Insolvency and Bankruptcy Board of India (IBBI) has issued standards for public information registries or information utilities to make the bankruptcy process
Firms acquiring stressed assets under insolvency may get tax relief | Business Standard News–19.12.2017
The government is considering giving tax relief to companies that acquire stressed assets under the insolvency process. Some of such steps like carrying forward tax
Move to probe builders for not passing GST benefit too harsh, say realtors | Business Standard News–19.12.2017
The proposed move by the National Anti-profiteering Authority (NAA) to investigate property developers for not passing on the benefits of lower taxes under the goods
India’s perpetual job crisis might find its fix in labour reforms | Business Standard News–19.12.2017
The lack of jobs is beginning to haunt the Modi government. The Reserve Bank of India’s recent Consumer Confidence Survey shows that public perception is
‘GST should ideally have only two rates’ | Business Line–19.12.2017
Satya Poddar, international tax expert “The three key objectives of any tax reform are to make it simpler, more efficient and more equitable,” says Satya
The dollar drain India must worry about | Business Line–19.12.2017
The spike in foreign exchange outflows under the Liberalised Remittance Scheme means India is vulnerable to large scale capital flight, if economic uncertainty increases In
FRDI Bill: Government unlikely to table FRDI Bill in Budget Session too – Times of India–19.12.2017
The Financial Resolution and Deposit Insurance (FRDI) Bill may not be introduced in Parliament even during the Budget Session, as the joint committee looking into
After GST simplification, exports rise 30.55% to $26.19 billion in November– Business Today–18.12.2017
After a brief pause, exports rose 30.55 per cent to $26.19 billion in November on account of improved global demand, government incentives and simplification of
ASSOCHAM asks govt to remove bail-in from FRDI Bill, says bank deposits only financial security of pensioners–BUSINESS TODAY–18.12.2017
ASSOCHAM said on Thursday that the government’s assurance to protect the depositors’ interest in case a bank lands up in trouble needs to be spelt
RBI sets up helpline to check bank accounts hacking–BUSINESS TODAY–18.12.2017
The RBI has stepped up its awareness drive against conmen who have become increasingly active in trapping unsuspecting individuals to part with details of their
What is e-way bill and who will generate it? Here is all you need to know – The Financial Express–18.12.2017
In a GST Council meeting held on Saturday, the decision to implement the e-way bill mechanism throughout the country by June 1 was taken, in
GST Council approves early roll-out of e-Way Bill; here’s what it means – The Financial Express–18.12.2017
The GST Council on Saturday approved an early roll-out of the e-Way bill for the inter-state movement of goods from February 1. The GST Council,
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