India Inc may have to deal with another avatar of GST — the tax may be applicable on senior executives’ big-ticket perquisites over and above
Author: Anil R Tikotekar
GST: Handset companies to put production back on track – The Economic Times–07.07.2017
Handset makers and contract manufacturers are set to bring their production schedules and capacities back to normal within a week to fortnight — after having
‘Manmohan Singh’s 1991 budget was biggest reform country has seen. GST deals with just one indirect tax’–Times of India–07.07.2017
You have written about the difficulty of economic reforms in India because of a lack of political acceptability. How difficult was it to pass GST?
GST refund: Govt to make provisions for reimbursement in excise-free zones | Business Standard News–07.07.2017
The Union government has moved a proposal to make a budgetary provision for refunding its share of area-based exemptions on indirect taxes given to certain
Modi govt’s 7-rate tax structure a ‘mockery of GST’, says P Chidambaram | Business Standard News–07.07.2017
The goods and services tax (GST) regime rolled out by the Narendra Modi government on July 1, with its “seven or more rates”, is a
Tax defaulters beware: I-T dept initiates plan to prosecute serial dodgers | Business Standard News–07.07.2017
Seeking to send a stern message, the income tax (I-T) department has initiated a plan to take strident action against tax evaders. This is to
GST masterclass answers traders’ queries: Can L&T or D’Souza register?–Business Standard–07.07.2017
Prime Minister Narendra Modi described the goods and services tax (GST) as “the good and simple tax” but traders found it difficult to register for
Why some brokerages have turned positive on Punjab National Bank | Business Standard News–07.07.2017
A week after Nomura turned positive on Bank of Baroda (BoB), it is the turn of Punjab National Bank (PNB) to enjoy a rating upgrade
RBI Deputy Guv Viral Acharya suggests setting up public credit database | Business Standard News–07.07.2017
Reserve Bank of India (RBI) Deputy Governor Viral Acharya wants the central bank to set up a public credit registry (PCR), an extensive database of
Traders with turnover below Rs 20 lakh will have to register for GST: Adhia–Business Standard–07.07.2017
The traders supplying goods to other states will need to register under the Goods and Services Tax (GST) even if their turnover is below Rs
Govt may triple heirs’ liability for paying maintenance to seniors–Business Standard–07.07.2017
The Union government is planning to hike the maintenance amount payable to parents and senior citizens under the Maintenance and Welfare of Parents and Senior
Income tax returns made easy: Step-by-step guide to filling the 1-page form | Business Standard News–07.07.2017
The ITR 1 Sahaj form is a one-page simplified return form introduced by the government for salaried individuals to ease the filing process. Only salaried
ATM fraud prevention, mobile fraud prevention: Here’s how to keep your money safe – The Financial Express–07.07.2017
Fraudsters used advanced card skimmers to read debit and credit card data during usage, and later illegally withdrew money from the people’s accounts. Sample this:
Amazon bets on India, pumps in Rs 1,680 crore more in India unit – The Financial Express–Financial Express–07.07.2017
Amazon India is estimated to have already received over USD 2 billion in funding. (Reuters) Global giant Amazon has invested an additional Rs 1,680 crore
Bank NPAs crisis: Insolvency process can only get delayed if courts entertain appeals against RBI orders
On June 13, the central bank had identified a clutch of 12 accounts—this included Essar Steel—that were to be referred by banks to the NCLT,
Linking Aadhaar and PAN is not mandatory for all. Read who all are exempt–Economic Times–06.07.2017
Every person, who possesses both PAN and Aadhaar/Aadhaar Enrolment ID, should intimate the same to the Income Tax department. It has now become mandatory for
Don’t let states and lobbies abuse GST–Economic Times–06.07.2017
The ongoing protest by traders in the textile hub of Surat and Ahmedabad against the imposition of a 5% goods and services tax (GST) on
Giving NPAs a decent burial–Economic Times–06.07.2017
By Reshmi Khurana The government and regulators are paying urgent attention to India’s large and mounting non-performing assets (NPAs). Last month, the Securities and Exchange Board
Paul Krugman blames note-ban, RBI & strong Re for tepid growth–Business Standard–06.07.2017
Blaming the Modi government’s note-ban, hawkish monetary policy of RBI and a strong rupee for the tepid growth, Nobel winning economist Paul Krugman on Wednesday
IDFC to accelerate lending, plans to achieve vision of mass retail banking
IDFC Bank, which concluded first full year of operations in 2017, said its vision is to become a mass retail bank in five years. To