The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017 last Friday. However, we are likely to witness a wave of demands seeking
Author: Anil R Tikotekar
online sales: MRP, use-by info on all eProducts from today – The Economic Times–01.01.2018
The practice of fake discounting often alleged against many ecommerce companies may stop after the rules to display MRP and expiry details of packaged products
GST refund woes bite exporters | Business Standard News–01.01.2018
Non-payment of tax refunds and last-mile procedural glitches have continued to be the biggest bane of exporters in the new tax regime. The issues have
Six months on, GST still a work in progress | Business Standard News–01.01.2018
The GST Council made a number of course corrections involving the rate structure, making life easier for SMEs, altering the timelines of the e-way Bill and
GST: Knots yet to be untied | Business Standard News–01.01.2018
The Goods and Services Tax (GST) Council has eased procedures to help small and medium industry players, but assessees still face problems in filing returns.
Finance ministry asks PSBs to consider selling, swapping loan assets | business-news | Hindustan Times–01.01.2018
The finance ministry has asked public sector banks (PSBs) to explore options for selling and swapping of loan assets with other lenders with a view
GST revenue: E-way bills may boost GST revenue: Tax officials – The Economic Times–31.12.2017
The government expects goods and services tax (GST) collections to rise by 20-25 per cent after the introduction of electronic way (e-way) bills, which will
Global trade can no longer be the engine of growth: Subir Gokarn – The Economic Times–31.12.2017
“As the global economy recovers, it will provide some tailwinds and some boost to the Indian economy as well.” In an interview with ET Now’s
Arun Jaitley: Creditors need to take haircut in resolving bankruptcy: Arun Jaitley – The Economic Times–31.12.2017
Loan defaulters can bid for an insolvent entity or its assets during bankruptcy proceedings after paying interest due and making bad loan accounts operational, FM
e-way bill: Government to implement e-way bill from February as tax mopup slips – The Economic Times–31.12.2017
Nearly six lakh taxpayers availing the simple composition scheme under the GST have paid a tax of only about Rs 250 crore for July-August, leading
stressed assets: RBI won’t extend deadline for 2nd list of defaulters – The Economic Times–31.12.2017
The Reserve Bank of India (RBI) formally turned down requests from banks to extend the deadline for restructuring the debt of companies on a second
Three top firms served notices for not passing on GST benefits to customers | business-news | Hindustan Times–31.12.2017
The anti-profiteering watchdog set up under goods and services tax (GST) law has launched a probe into three entities for allegedly not passing on the
Govt breaches fiscal deficit target in 8 months | Business Standard News–30 12.2017
The government has breached its fiscal deficit target given in the Budget for 2017-18 in November itself. During the April-November period, the fiscal deficit was
Testing times: on the bad loans menace – The Hindu–29.12.2017
The Central government has been working hard to address India’s twin balance sheet problem, but it hasn’t had much to show in the form of
Trade deficit: Commerce Ministry to study impact of Chinese imports – The Economic Times–29.12.2017
The surge in India-China trade has been lopsided as it has been primarily driven by phenomenal surge in Chinese exports to India. A staggering trade
IBC: Finance Minister Arun Jaitley introduces bill to amend IBC in Lok Sabha – The Economic Times–29.12.2017
IBC was enacted last year to consolidate and amend laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a
GSTN: Tax payers can see status of returns filed on GSTN portal – The Economic Times–29.12.2017
Tax payers can now view the status of the returns filed by them on the GST Network portal, the company handling the technology backbone of
Insolvency and Bankruptcy Code: NCLT is a resolution and not a recovery mechanism: Bahram N Vakil – The Economic Times–29.12.2017
We didn’t follow the US because we don’t want ‘debtor in possession’. The newly-formed committee to review amendments to the Insolvency and Bankruptcy Code may
Fiscally sinning or not, communicate–Economic Times–29.12.2017
The government has announced that it would borrow an additional Rs 50,000 crore. Will this increase the fiscal deficit, beyond its target of 3.2% of
Streamlining move: GST forms may go from 3 to 1 to ease the procedure – The Financial Express–29.12.2017
The GSTR-1 forms is meant for filing details of outward sales of a dealer. The Goods and Services Tax Council may consider merging triplicate comprehensive