In a welcome reversal of its earlier stand, the Central Board of Indirect Taxes and Customs (CBIC) has said Integrated Goods and Services Tax (IGST) will not be payable
Month: June 2018
Credit note must show tax rate and tax amount, says expert | Business Standard News–05.06.2018
As per Rule 53(i) of the CGST Rules, 2017, the rate of tax and the amount of tax must be shown in the credit note
Monetary policy can only turn hawkish – Business Line–05.06.2018
For the MPC, the good news is the buoyant fourth quarter GDP number, the bad news is the rising crude price The second bi-monthly Monetary
Economy–Repair and recover | The Indian Express–05.06.2018
GST itself has stabilised, as businesses have adjusted to the new indirect tax regime, leading, in turn, to better compliance and revenue buoyancy. Slowly and
With riders: Sebi exempts IBC firms from delisting norms | The Indian Express–05.06.2018
Certain relaxations have also been extended to insolvent entities with respect to regulations pertaining to substantial acquisition of shares and takeovers as well as issue
Don’t finalise Binani Cement asset sale till further orders: Supreme Court | The Indian Express–05.06.2018
The Supreme Court Monday restrained finalisation of the sale of assets of the bankrupt Binani Cement without its prior approval. However, it allowed the debt
SC restrains finalisation of Binani Cement asset sale till further orders–Deccan Chronicle–05.06.2018
The Supreme Court on Monday restrained finalisation of sale of assets of Binani Cement Ltd without its prior approval but allowed the debt resolution process
Narendra Modi: Indian economy like a car with 3 tyres punctured: P Chidambaram – The Economic Times–Economic Times–04.06.2018
Indian economy has become like a car whose three tyres are punctured, former finance minister P Chidambaram said today in Thane as he attacked the Narendra Modi government
Government clarifies GST applicability on financial services – The Economic Times–04.06.2018
On whether GST will be levied on the exit-load of mutual funds, the department said exit load in the form of a fee (whether or
The Walmart effect on economy | Business Standard Column–04.06.2018
Walmart’s $16 billion purchase of Flipkart has triggered a debate once again around the logic and the impact of it on the retail market in particular and
NRIs’ dilemma: To let out or let it be? – Business Line–04.06.2018
Non-residents should understand the tax implications while renting out property Mr and Mrs Das were eagerly eyeing the Skype screen on their desktop. Sharp at
The MPC will be walking on eggshells – Business Line–04.06.2018
The Monetary Policy Committee has to take a careful call on policy rates in a delicate situation, keeping an eye on growth The long-run impact
GST–Clarification or confusion? – Business Line–04.06.2018
AAR has given conflicting rulings on GST The Goods and Services Tax is undoubtedly the biggest tax reform since Independence. The transition process from the
Rajiv Kumar interview: ‘Weakness in exports a worry; lazy banking must be jettisoned’ | The Indian Express–04.06.2018
Another round of reforms is required in the banking sector and the government should now focus on reducing the number of public sector banks, Niti
GST–: Government considering more concessions to exporters – The Economic Times–03.06.2018
In view of an adverse impact of the goods and services tax (GST) on exports — particularly in the handicrafts, apparel and carpet sectors —
Higher than revised estimate: Centre’s FY’18 fiscal deficit at 3.53% – The Financial Express–03.06.2018
The Central Statistics Organisation on Thursday said nominal GDP stood at Rs 167,73,145 crore (up 10% on-year) as against the second advance estimate of Rs
Income Tax Returns: 10 documents you need to file your income tax return–02.06.2018
The time has come for all of us to start filing our income tax returns. This year it becomes all the more important to file it on
Robust Q4 GDP trends suggest rosier 2018-19–Economic Times–02.06.2018
India seems to be gaining economic speed. Estimates for the fourth quarter, January-March, of 2017-18 by the Central Statistics Office peg GDP growth at 7.7%,
GDP: Investment revival underway but new challenges loom–Times of India–02.06.2018
The highlight of the week’s economic data was that gross domestic product in the January-March quarter grew at 7.7%, the highest recorded in seven quarters.
Insolvency: Binani Cement submits UltraTech plan for NCLT approval | Business Standard News–02.06.2018
After the resolution professional (RP) of Binani Cement submitted the resolution plan of UltraTech Cement’s Rs 79.60 billion offer for approval from the Kolkata bench of the
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