The NPA situation is likely to get worse. The Reserve Bank of India’s (RBI’s) Financial Stability Report projects gross non-performing assets (NPAs) could rise to
Author: Anil R Tikotekar
Maharashtra, Tamil Nadu raise taxes outside GST, Centre says they can–Business Standard–05.07.2017
Two state governments, Maharashtra and Tamil Nadu, have started imposing taxes outside the national goods and services tax (GST), something the Centre says they can
Keeping close watch on price, supply of goods after GST roll-out: Adhia–Business Standard–05.07.2017
As many as 175 officers of the ranks of joint secretary and additional secretary have been given the charge of four-to-five districts each to oversee
GST rollout: 3,500 helpdesks, 8,000 tax consultants emerge in 5 days–Business Standard–05.07.2017
According to various industry bodies, more than 3,500 GST helpdesks, 8,000 tax consultants, 100 helplines have all come up in the last five days. Help
What GST means for BJP–Business Standard–05.07.2017
A lot has been written about the transformational impact the roll-out of the goods and services tax (GST) will have on the Indian economy. In
Recast of state-run banks before stake sale wrong: RBI ex-guv Y V Reddy
Former RBI Governor Y V Reddy has said that the idea of government first restructuring public sector banks (PSBs) and then selling a stake in
GST regime: Truckers caught in twists and turns–Business Standard–05.07.2017
Not all is well with the un-organised transportation segment, mainly truck owners, post implementation of the Goods and Services Tax (GST). Three days into the
Proprietary firms to come under bankruptcy code–Business Standard–05.07.2017
After making the insolvency process easier for companies, the focus is now turning to proprietary firms. The NITI Aayog will have a meeting, in this
Cash is back–Business Standard–05.07.2017
A day after launching the goods and services tax regime, Prime Minister Narendra Modi reasserted his government’s commitment to curbing black income and tax evasion.
GDP growth not as encouraging as it seems, says Rahul Bajaj–Financial Express–05.07.2017
Rahul Bajaj said in its latest advance estimate, the Central Statistical Organisation has pegged India’s real GDP growth for last financial year at 7.1 per
GST impact: India launched good reform in complex manner, says Economist Guy Sorman–Financial Express–05.07.2017
The new regime taxes various goods and services at 5, 12, 18 and 28 per cent, while keeping essential commodities out. India has introduced a
GST impact on prices: Centre cracks whip, says firms must first advertise hike in rates in at least 2 newspapers–Financial Express–05.07.2017
Vigilant that businesses don’t hike prices using the goods and services tax (GST) as an excuse, the government on Tuesday said firms must advertise such
ARN not mandatory for doing biz, GSTIN sufficient: GSTN Chairman Navin Kumar
Application Reference Number (ARN) should not be considered mandatory by businesses for buying goods from vendors, GST Network said today. Application Reference Number (ARN) is
Reflect price revision post GST via stickers till September 30: Government–Financial Express–05.07.2017
The clarification from the government came as several businesses were left with huge unsold inventories before the GST kicked in from July 1. Clearing the
The art of doing business under GST–Business Line–05.07.2017
The art of doing business under GST Even though the process looks complex at the outset, online GST filings help small firms immensely in saving
Your GST checklist–Business Line–05.07.2017
Responsibilities of a GST-registered firm GST is a procedure-driven system where timely and accurate compliances are necessary. We list important actions you should keep in
GST–Selling online–Business Line–05.07.2017
Booming business Online shopping has become a way of life for over 50 million Indians, a number that is expected to scale to 175 million
GST regime: E-commerce firms want clarity on e-way bill for return cargo, ask vendors to become compliant–Business Line–05.07.2017
No process is defined for handling return cargo in e-commerce for the e-way bills under GST Future Supply Chain considers linking payment to compliance Staring
CBDT softens cash transaction norms–Business Line–05.07.2017
Exempts certain payments from the ₹2-lakh limit The Central Board of Direct Taxes (CBDT) has exempted certain cash transactions from the purview of the ₹2-lakh
‘Digital India’, a double-edged sword–Business Line–05.07.2017
It has not really worked as a promising option for the socio-economically disadvantaged In summer 2015, Prime Minister Narendra Modi delivered the inaugural speech for