The notification states that after suspension of registration, businesses would be allowed to make taxable supplies, but not charge tax on supplies or issue a
Day: October 11, 2019
Restriction on export rebates not just hits MSMEs but also makes tough for India to climb tax rankings – The Financial Express
By Abhishek A Rastogi Trade, Imports, Exports for MSMEs: The Ease of Doing Business(EoDB) Index, a ranking system established by the World Bank Group, ranks 190
‘Brutally unfair’ that system can’t protect common man’s savings: Parekh | Business Standard News
Amid the crisis at Punjab & Maharashtra Cooperative Bank (PMC), HDFC chairman Deepak Parekh said it is “brutally unfair” that we have regular loan waivers and corporate
MCA to probe Ludhiana’s SEL Manufacturing over Rs 4,000-cr loan default | Business Standard News
The Ministry of Corporate Affairs (MCA) will probe the Ludhiana-based stressed company SEL Manufacturing for defaulting on bank loans to the tune of over Rs 4,000 crore,
India’s fall on the competitiveness index is a reminder of its failings – The Hindu BusinessLine
Although India has made gradual progress on some of the counts, the pace of change needs acceleration if the country is not to backslide Competing
India Economic Growth: Credit woes in India seen pressuring Modi to take more action–Economic Times
By Rahul Satija A $20 billion tax cut and the lowest borrowing rates in almost a decade may not be enough to bolster the credit
Narendra Modi-led government wants quick disposal of cases; to initiate structural changes – The Economic Times
Gujarat and Maharashtra also have the highest number of civil cases pending in the subordinate courts. With over 3.30 crore cases piled up in the Indian courts for disposal,
Lakshmi vilas Bank: RBI’s quashing of Lakshmi Vilas Bank merger fans contagion risks–Economic Times
By Andy Mukherjee The contagion risk from India’s year-old shadow banking crisis has suddenly turned much graver. What investors don’t know yet is whether the
GST refunds denied to MNC back offices – The Economic Times
A host of back offices of multinational companies in the financial sector face a tax whammy, with Goods and Services Tax authorities denying them refunds
Taxman demands GST on brands, logos – The Economic Times
For the banks, a large part of the GST would become pure cost as they would not be able to set it off against future
Bank loans: Banks start linking loans to customers’ risk profile–Economic Times
In the future, credit scores through the life of a loan will be as important as those recorded at its approval. Three public-sector lenders — Bank
The evaporating credit flow to India’s businesses from banks and NBFCs – The Hindu BusinessLine
The RBI needs to shift focus from rate transmission to confidence-boosting measures on industrial debt, that can revive bankers’ risk appetite In recent months, there’s
Revenue crunch prompts govt to consider GST rate hike on low-tax products | Business Standard News
The finance ministry, faced with a steep revenue collection target for 2019-20, is exploring whether the goods and services tax (GST) can be imposed on
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