While the base has increased, a bulk of the registered taxpayers are paying zero tax, indicating that they have no liability. Taxpayers for goods and
Month: January 2018
Pursue the GST data to boost tax revenue–Economic Times–12.01.2018
India’s net direct tax collections reportedly grew by 18.2% in April-December 2017 from a year ago, with advance tax payments in December adding substantially to
Panel against including all services in GST composition scheme – The Financial Express–12.01.2018
A government-appointed committee has recommended against inclusion of all services, barring restaurants, under the ambit of composition scheme in the Goods and Services Tax (GST)
Improved privacy | Business Standard Editorials–12.01.2018
The Unique Identification Authority of India (UIDAI) has been facing a lot of criticism over allegations of access to personal information by random entities without
Economy: Walking, but not yet running | Business Standard Column–12.01.2018—–*****
Has the economy turned around and is the growth process back on track? The government’s statisticians are now projecting a 6.5 per cent growth rate
Businesses and tax experts still face problems in returns on GSTN | Business Standard News–12.01.2018
Businesses and tax experts continue to complain about problems faced in supply returns under the goods and services tax (GST) on the GST Network portal.
Regulators fret over role overlap in FRDI Bill | Business Line–12.01.2018
Banks too voice concern before a parliamentary committee vetting the proposed legislation The proposed Financial Resolution and Deposit Insurance (FRDI) Bill is set to be
‘IBC/ NCLT will succeed only if there is accountability’ | Business Line–12.01.2018
With just three weeks to go for the Union Budget, all eyes are on Finance Minister Arun Jaitley to see if he would bring legislative
A website on laws: The govt would do well to create a website that explains all laws and related information at one place | Evernote Web–11.01.2018
By-Aparajita Gupta The winter session of Parliament ended last week. Bills were lined up for introduction, consideration and passing, to finally become laws. A few
Another step forward | Business Standard Editorials–11.01.2018
The government has an enviable record when it comes to attracting foreign direct investment (FDI). The decision to liberalise FDI norms, taken by the Union
Global disorder vs economic progress | Business Standard Column–Mr.Shankar Acharya–Ex CEA–11.01.2018—–*****
The past year has been a bad one for the underlying global political and economic order. Consider the following events and trends: * Despite apocalyptic
GST–Tough task | Business Line–11.01.2018
The anti-profiteering authority may find it challenging to make its cases stick One of the main planks on which the Modi government ushered in the
To protect privacy, UIDAI introduces ‘Virtual ID’ for Aadhaar-card holders | india-news | Hindustan Times–11.01.2018—–*****
The Unique Identification Authority of India (UIDAI) on Wednesday put in place a two-layer security mechanism to reinforce privacy protection for Aadhaar ID number holders.
[GDP]The 6.5% warning | The Indian Express–11.01.2018—–*****
Investment in the Indian economy has declined from 34.3 per cent of the GDP in 2011-12 to 27 per cent of the GDP in 2016-17.
There are gains from GST, not all of which have been realised: T C A Anant | Business Standard News–10.01.2018
A few days after Advance Estimates (AE) showed that the expansion in gross domestic product (GDP) is set to decline to a four-year low of
Arbitration is coming of age in India | Business Line–10.01.2018
Institutional arbitration cuts excruciating delays in dispute resolution. Businesses and policymakers must promote it It is often said that litigants experience ‘eternity’ when they go
SME: Stress on SMEs to continue but CVs, microfinance to do well:Moodys-ICRA – The Economic Times–09.01.2018
Small and medium enterprises (SMEs) will continue to be under stress as the impact of the new goods and services tax (GST) and demonetisation lingers
Economic reforms will bear fruit in 2018–CEO Yes Bank–09.01.2018—–*****
2018 will be the year when the three structural reforms of 2017—bank recapitalisation, insolvency resolution and the goods and services tax (GST)—will bear fruit. For
GST and anti-profiteering: Industry must pass on benefit to consumers, but authorities too must take a big step – The Financial Express–09.01.2018
In a letter to large FMCG companies, the chairperson of the CBEC pointed out that in addition to these measures being a legal requirement, industry
Brief case: Clarifications on IBC, fresh auction with clear terms, and more | Business Standard Column–09.01.2018
More clarifications on bankruptcy code In yet another major clarification on the Insolvency and Bankruptcy Code, the Supreme Court has ruled that a lawyer on
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