close
This ad will auto close in 10 seconds
GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT

GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT

GAAR, it said, will come into force from April 1 and can be invoked only through a two-stage process involving a nod at the level of principal commissioner of income tax and a panel headed by a high court judge.

Modi's US visit: PM invites American CEOs to invest in India, says GST a game-changer Modi's US visit: PM invites American CEOs to invest in India, says GST a game-changer

Modi, during his meeting with the CEOs of top 20 American firms, also said that India attracted the largest amount of foreign direct investment (FDI) as a result of the NDA government's policies in the last three years.

GST switchover: Renaming CBEC as CBIC may take a while GST switchover: Renaming CBEC as CBIC may take a while

Finance Minister Arun Jaitley in late March had approved the re-organisation of field formations of the CBEC for implementation of GST, as per which the body is being renamed as the Central Board of Indirect Taxes and Customs (CBIC).

Western, southern states control over 60% of bank credit: RBI Western, southern states control over 60% of bank credit: RBI

The southern states had higher credit outstanding in 1989-90 fiscal, with an outstanding of Rs 29,600 crore, while the western states had a lower Rs 29,000 crore then.

SEZs keen on FTA rates, commerce ministry working on proposal SEZs keen on FTA rates, commerce ministry working on proposal

The SEZ players have demanded that they be allowed to sell their goods in DTA on same terms as applicable under free trade agreements (FTAs) signed by India with different countries.

GST software by Count Magic.Com to integrate BHIM, UPI GST software by Count Magic.Com to integrate BHIM, UPI

The software removes all bottlenecks for acceptance of digital payments.

GST Clinics to help traders in smooth transition

The GST Clinics will be held in offices of trade associations, HDFC Bank branches or markets easily accessible to traders.

GST to make exports more competitive: Commerce Secy

Due to introduction of GST, "there will be low effect of duty on many items, reduction in cascading effects of multiple taxes despite the apprehensions felt by the EXIM (export- import) community, ultimately resulting in lowering the cost and making our exports more competitive," FIEO said in a statement quoting Teaotia.

Govt clears proposal for setting up a new airport in Jewar in Greater Noida Govt clears proposal for setting up a new airport in Jewar in Greater Noida

Against the backdrop of rising air passenger traffic, there have been discussions for setting up a second airport in the NCR.

States' fiscal deficit soars to Rs 4.93 trillion in FY16 States' fiscal deficit soars to Rs 4.93 trillion in FY16

According to the second edition of RBI's statistical publication titled 'Handbook of Statistics on States 2016-17', which was released on Saturday, the gap is projected to improve to Rs 4,49,520 crore as per the budget estimates of the states for fiscal 2017.

Ordinance likely to amend SEZ Act for alignment with GST

Certain provisions in the special economic zone (SEZ) Act, 2005, are not consistent with the GST regime and need to be made compatible before the July 1 rollout date.

Petrol, diesel price on 25th June 2017: Check out the rates here Petrol, diesel price on 25th June 2017: Check out the rates here

Know the price of petrol and diesel in your city as on 25th June 2017.

Forex kitty at record high of $381.955 billion

Expressed in US dollar terms, Foreign Country Asset's include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.

India's forex kitty at record high of $381.955 billion

Expressed in US dollar terms, Foreign Country Asset's include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.

GST registrations for e-commerce, new companies to begin on June 25 GST registrations for e-commerce, new companies to begin on June 25

Ecommerce operators and TDS deductors will be able to register with GST Network beginning June 25, when the portal re-opens for fresh registration.

Petrol, diesel price on 23rd June 2017: Check out the rates here Petrol, diesel price on 23rd June 2017: Check out the rates here

Here is the list of Petrol, diesel price for 23rd June 2017 (Price as per IOC)

RBI expands oversight committee; inducts 3 member on panel

The Reserve Bank has expanded the oversight committee by appointing three more members to the high-level panel that will vet the process to resolve mounting bad loans bogging down the banking sector.

Leniency in GST laws for genuine mistakes initially: Hashmukh Adhia Leniency in GST laws for genuine mistakes initially: Hashmukh Adhia

With the countdown to GST rollout underway, government on Thursday promised leniency in enforcing penal laws for violations during the initial period of implementation of the new national sales tax regime.

Cabinet passes resolution on GST, calls it game-changing reform Cabinet passes resolution on GST, calls it game-changing reform

The Union Cabinet on Thursday passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST.

India to take corrective steps to ensure telecoms growth India to take corrective steps to ensure telecoms growth

India`s telecoms minister said on Thursday that the government would take corrective steps to ensure growth in the sector, the world`s second-biggest by number of users, amid worries about financial stress.

GST to lower overall tax burden over time, says RBI governor GST to lower overall tax burden over time, says RBI governor

Reserve Bank governor Urjit Patel on Thursday said the soon-to-be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term.