Running an enterprise or professional set-up is considered difficult in India due to the complicated taxation rules and accounting procedures. This discourages many budding entrepreneurs
Day: June 27, 2018
Double digit GDP growth is doable – OPINION – Business Line–27.06.2018
But it will take 3-4 years as agriculture, industry and services need to grow at higher rates on a continuous basis Getting GDP to grow
GST impact: E-way bills not reducing transporters’ cost and travel time | Business Standard News–27.06.2018
After a wait for 72 hours, Devender Kumar finally received the required e-way bills to ply his truck from Delhi to Lucknow on Saturday morning. A private
Govt notices to firms for ‘wrongly’ claiming transitional credit under GST | Business Standard News–27.06.2018
The government has sent notices to companies for “wrongly” claiming transitional credit under GST, a move contested by these entities. Under the pre-GST regime, companies had personal
One year of GST: SME cash flows impacted, but story has a sunny side too | Business Standard News–27.06.2018
GST is going to be one year old on July 1, and the journey over the past one year has been a mixed bag. While the
GST still work in progress | Business Standard Column–27.06.2018
Nearly one year since the introduction of the Goods and Services Tax (GST), what stands out is the quick response of the GST Council and government to
A big success of GST implementation is there has not been any inflation: Hasmukh Adhia – The Economic Times–27.06.2018
Finance secretary Hasmukh Adhia expects average goods and services tax (GST) revenues of Rs 1 lakh crore a month this year, with collections rising substantially as evasion is checked.
PSU banks: PSBs account for 85% of bank fraud cases: RBI report – The Economic Times–27.06.2018
State-run lenders accounted for a staggering 85 per cent of nearly 6,500 fraud cases, amounting to more than Rs 30,000 crore, RBI‘s latest edition of Financial
ITR4 for FY2017-18: The Sugam return filing tool for self-employed – The Economic Times–27.06.2018
Before you embark on the process to file the return for the AY2018-19, you need to be aware of some fundamental rules and key changes
Goods and services tax: GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 months – The Economic Times–27.06.2018
The revenue department has decided to keep in abeyance GST provisions relating to reverse charge mechanism, tax deducted at source (TDS) and tax collected at
Nearly one-fourth of banks loan book has turned sour: RBI report – The Economic Times–27.06.2018
The report also pointed out that earnings of the 14 weak banks have been worsening since September 2016 and “more efforts will be needed to
RBI deputy governor Viral Acharya praises Modi’s IBC, says bodes well for system – The Financial Express–27.06.2018
RBI Deputy Governor Viral Acharya today said initiatives like Insolvency and Bankruptcy Code and norms for prompt recognition of bad loans bode well for financial stability
Banks’ NPAs status to worsen to over 12% by fiscal-end: RBI – The Financial Express–27.06.2018
The gross non-performing assets (GNPAs), or bad loans, ratio in the Indian banking system is likely to rise from 11.6 per cent in March 2018
GST Council to look at option of centralised appellate authority – The Financial Express–27.06.2018
The revenue department is considering setting up of a centralised appellate authority to deal with the problem created by contradictory verdicts passed by the Authority
More than a fifth of all public sector bank loans can go bad, warns RBI – Business Line–27.06.2018
Sees GNPA ratio of PSBs worsening to 22.3% in March 2019 Flagging the continuing stress in the banking sector, the Reserve Bank of India
SC: Superior not guilty if staffer ends life due to heavy workload | India News – Times of India–27.06.2018
Highlights SC has ruled that superiors cannot be held responsible for abetment if an employee, depressed because of a heavy workload at office, commits suicide
Hasmukh Adhia: ‘Stable e-way bill system, new IT infra, small changes in GST law to be priorities in 2nd year’ | The Indian Express–27.06.2018
Designing and testing of the new return filing system, stabilising the e-way bill system and minor corrections in the GST-related laws, which may come up
Buck stops with bank chairmen, boards | Deccan Herald–27.06.2018
The latest banking scandal to the surface is the Rs 3,000-crore fraud in Bank of Maharashtra (BoM) in which the CEO and Managing Director and
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