Jaypee group chairman Manoj Gaur made a fresh effort to gain back control of Jaypee Infratech — a real estate company for which another firm has already been named the
Month: May 2018
Binani Cement lenders to meet on Wednesday to mull UltraTech revised offer | Business Standard News–08.05.2018
The Committee of Creditors (CoC) of Binani Cement is likely to meet on Wednesday this week to consider the revised offer of Rs 79.60 billion from UltraTech Cement for
Oil politics: By freezing fuel prices, govt is undermining its own policy | Business Standard Editorials
Crude oil prices have risen to their highest level since late-2014, pushed by a deepening economic crisis in Venezuela and a looming decision on whether the US
Don’t complicate GST | Business Standard Editorials
On Friday, the Goods and Services Tax Council, the body empowered to take final decisions with regard to the indirect tax regime, ended yet another meeting. While
From canteen workers to arbitration, here are the key court orders | Business Standard Column–08.05.2018
If an insurance policy states that repudiation of a claim or denial of the insurer’s liability cannot be referred to arbitration, the insured person cannot invoke arbitration
Input tax credit not admissible for Krishi Kalyan Cess carried forward | Business Standard News
Q) We had accumulated credit of Krishi Kalyan Cess (KKC) that we carried over to the GST input tax credit by filing TRAN-1 return. Our CA, who told us that we can
Supplier to merchant exporter can claim refund of unutilised credit | Business Standard News
We are supplying to merchant exporter and charging 0.1 per cent IGST. Our ITC is accumulated. Can we file refund application on the grounds of inverted tax
New GST returns may remove the leeway given to companies with less than Rs 1.5 cr turnover – Business Line–08.05.2018
This guideline will, however, help the system move towards invoice matching, which can check tax evasion The new single-page return and the transition process approved
Oil hangover can hit India’s macro stability – Business Line
If the revenue target is met by current oil prices any increase should be absorbed by the government by reducing taxes. International prices of crude
Insolvency regulator shows teeth – Business Line–08.05.2018
Sending a strong signal, insolvency regulator IBBI’s Disciplinary Committee (DC) has suspended the registration of an insolvency resolution professional (IRP) Bhavna Sanjay Ruia for one
Strong dollar, oil keep rupee under pressure – Business Line–08.05.2018
The Indian rupee is continuing to get beaten down. Though the currency opened the truncated week on a positive note, it failed to retain the
Falling Re, rising crude reignite inflation fears – Business Line
Fiscal deficit to face pressure; interest rates may harden New Delhi, May 7 The Narendra Modi government approaches its fourth anniversary on a distinctly inauspicious
Indian rupee: Rupee at 15-month low: What’s causing the downturn – Times of India
The rupee on Tuesday fell 7 paise to trade at a fresh 15-month low of 67.20 against the US dollar in early trade. The currency
Price freeze: on high fuel prices – The Hindu–08.05.2018
The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday,
RBI: View: RBI’s search for easy answers could soon leave India with some very hard choices – The Economic Times
Has RBI, in its search for easy answers, opted for a quick-fix solution that may endanger our hard-won, long-term financial stability? Central banks are not
Bank Deposit: Growth in bank deposits falls to five-decade low
Bank deposit growth fell to a five-decade low in fiscal year ended March 2018 as the demonetisation bonanza withered away and the lure of other savings instruments
gst: Companies get scrutiny notices for mismatch in GST returns – The Economic Times
As per an analysis, 34% of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return (GSTR-3B). GST officers have started sending
Heralding manufacturing growth: SMEs in India need to move from automation to autonomy – The Economic Times
By Sunil Mathur The ‘Make in India’ initiative aims to boost the contribution of the manufacturing sector from 15% to 25% of the GDP, by 2022.
Some good work by GST Council, some bad
The Goods and Services Tax (GST) Council has done well to clear a simple filing system for businesses to claim input tax credit. Phasing in
GST alert: Companies start getting notices for mismatch in tax returns, underpayment; details here – The Financial Express
In one notice issued by Gujarat GST commissionerate on May 4, taxpayers have been asked to explain the reason for “discrepancies” in return GSTR-3B and
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