Toughening its stand on goods and services tax (GST) defaulters, the government has asked officers to send notices to assessees who have failed to file
Month: December 2017
US–Fed Rate Increase–A clear shift | Business Standard Editorials–18.12.2017
The United States Federal Reserve acted in line with expectations when it raised the policy interest rate (the so-called Fed Funds rate) by 25 basis
Wrong way | Business Standard Editorials–18.12.2017
A key promise of the goods and services tax (GST) regime, which was put in place on July 1, was to promote efficiency, and reduce
Behind GDP bounce | Business Standard Column–18.12.2017
It is now generally believed that economic growth has bottomed out. It reached a trough of 5.7 per cent in the first quarter of 2017-18,
GST: What is treatment for supplies made within the warranty period? | Business Standard News–18.12.2017
What is the difference between cross-charge and distribution of credit by an input service distributor? Cross-charge implies a situation wherein one entity incurs certain expenses
GST–Empowered committee of state FMs should be dissolved: Sushil Modi Business Standard News–18.12.2017
The Empowered Committee of State Finance Ministers was constituted to harmonise discussion and decision making on indirect taxes. Among its heads has been Sushil Kumar
GST Council: GST Council nod for mandatory e-Way Bill for inter-state movement of goods – The Economic Times
GST Council meet: E-way bill set for early rollout from February 1 For a seamless movement of goods across states, the Goods and Services Tax
Power2SME , TiE Delhi NCR announce 5 winners for ‘Spirit of Manufacturing Awards 2017’ – The Economic Times
If things are to be believed, Indian manufacturing is all set to not just bring laurels to the nation, but also setting inspirational international standards
Confederation of All India Traders demands deferring of e-way Bill from Feb to April 1 – The Financial Express
CAIT though welcomes the decision but it should be implemented from April 1, the association said in a statement. (Website) Confederation of All India Traders
IBC ordinance, Uday Kotak panel recommendations are constraints on business; all promoters are not evil – The Financial Express
Promoters, supposedly the founders and creators of corporations and wealth for other stakeholders, can’t always be termed as destroyers of the wealth they create, even
Good intentions, bad articulation | Business Standard Column
After the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 was introduced in the Lok Sabha (it was subsequently referred to a Joint Parliamentary Committee),
More traders paying taxes on GSTN: Sushil Kumar Modi | Business Standard News
The proportion of tax-paying traders has increased to 70 per cent of those registered on the Goods and Services Tax Network (GSTN) as the technology
Insolvency and Bankruptcy Code: Blanket ban on guarantors of stressed firms may go – The Economic Times–14.12.2017
In the case of corporate bidders, the professionals are in favour of a ‘top-down’ approach. The government may remove the blanket ban on corporate guarantors
GST filing: GST Network simplifies returns filing process – The Economic Times–14.12.2017
The new facility will result in time savings for the taxpayers, said GSTN, which provides the IT backbone for the new indirect tax regime. The
FRDI Bill: View: By flirting with FRDI Bill, Modi government may be playing with fire – The Economic Times–14.12.2017
Trust in banks has been the strongest trait of the modern Indian financial system. The world of Rajaram Shinde is changing. The retired central government
Veritas: MSME lender Veritas raises Rs 120-cr round led by UK govt’s CDC Group – The Economic Times–14.12.2017
The UK government’s development finance institution CDC Group has led a Rs 120-crore investment round in financial services firm Veritas Finance along with existing investor
Create competitive market for assets
There is no reason to restrict the debate on expanding the cast of would-be buyers for assets auctioned off under the Insolvency and Bankruptcy Code
Turning hawkish on India as inflation zooms past RBI target – The Financial Express
India’s inflation surged past the central bank’s target, bolstering a view that interest rates may rise earlier than expected and offering little relief to battered
Unitech takeover by Centre a good idea, may bring relief to homebuyers – The Financial Express–14.12.2017
The government’s decision to take over Unitech, which has failed to deliver homes to thousands who booked apartments, shows it means business. While it is
BS Banking Round Table 2017: Lower lending rates necessary | Business Standard News
K C Chakrabarty: There is only one challenge, which is NPA (non-performing assets). We must focus on this one challenge, and solve it. What is
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