Category: News of interest

We are supplying to merchant exporter and charging 0.1 per cent IGST. Our ITC is accumulated. Can we file refund application on the grounds of inverted tax

If the revenue target is met by current oil prices any increase should be absorbed by the government by reducing taxes. International prices of crude

Fiscal deficit to face pressure; interest rates may harden New Delhi, May 7 The Narendra Modi government approaches its fourth anniversary on a distinctly inauspicious

The rupee on Tuesday fell 7 paise to trade at a fresh 15-month low of 67.20 against the US dollar in early trade. The currency

Has RBI, in its search for easy answers, opted for a quick-fix solution that may endanger our hard-won, long-term financial stability? Central banks are not

Bank deposit growth fell to a five-decade low in fiscal year ended March 2018 as the demonetisation bonanza withered away and the lure of other savings instruments

As per an analysis, 34% of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return (GSTR-3B). GST officers have started sending

By Sunil Mathur The ‘Make in India’ initiative aims to boost the contribution of the manufacturing sector from 15% to 25% of the GDP, by 2022.

The Goods and Services Tax (GST) Council has done well to clear a simple filing system for businesses to claim input tax credit. Phasing in

In one notice issued by Gujarat GST commissionerate on May 4, taxpayers have been asked to explain the reason for “discrepancies” in return GSTR-3B and

Steel tycoon L N Mittal today said he would be surprised if ArcelorMittal, the world’s largest steelmaker, will not be eligible to participate in the

Binani Cement has a manufacturing capacity of 11.25 million tonnes of cement per year with integrated plants in India and China, and grinding units in

The digital payment companies should address this problem by providing a way to differentiate payments to business transactions and transfers to individuals. The last couple

The government says Goods and Services Tax (GST) collection in March had crossed Rs 1.03 trillion. The finance minister called it a landmark achievement. We

Over the past half-decade, we’ve witnessed the hubbub any large-scale Indian event brings, in this case the long-heralded arrival of ‘digital’. Some feared, like Chief

The government has given a sympathetic hearing to industrial groups that are unable to sell banks their debt paper with a rating lower than double A. The

ArcelorMittal, the world’s largest steel company, is leaving no stone unturned in its bid to acquire Essar Steel, as it fights it out with the

Will rising commodity costs and higher interest rates trip India Inc’s fledgling earnings recovery? That seems to be a worry, going by the March 2018

A major reason for the growth slowdown in India since 2011 is the atmosphere of suspicion and mistrust. As the economy started creating wealth, there

A major reason for the growth slowdown in India since 2011 is the atmosphere of suspicion and mistrust. As the economy started creating wealth, there