SEZ Act, SEZ Act amendment, special economic zone, SEZ act 2005, Goods and Services Tax, GST, tax exemption, indian express news
June 24, 2017 12:22 pm

Under the current rules, units in an SEZ get service tax exemption and the developers are exempted from Customs or excise duty for development of zones for authorised operations. 

June 24, 2017 12:14 pm

Uttar Pradesh had a fiscal deficit of a paltry Rs 3,070 crore in FY91, which zoomed to Rs 64,320 crore. Maharashtra, one of the most urbanised and industrialised states, had a gap of Rs 1,020 crore in FY91 but the same jumped to Rs 37,950 crore in FY16

SEZ Act, SEZ Act amendment, special economic zone, SEZ act 2005, Goods and Services Tax, GST, tax exemption, indian express news
June 24, 2017 5:49 am

On an average, 40,000 housing units gets completed in Ahmedabad every year. However, with fewer new launches expected this year, developers fear that there will be short-supply of residential units within the next 12 months. Last year, GIHED had cancelled the property show citing a lack of sales.

Coal ministry, Coal auction, Coal reverse auction, Coal India limited
June 24, 2017 2:24 am

The government plans to bid out 30 million tonnes of reserves in the first phase to augment coal production beyond the target of one billion in 2020 set by Coal India plus the enhanced production expected from the coal blocks allotted or auctioned for captive end use.

GST, Goods and Services Tax, DHL, GST implementatin, indian express news, business news
June 23, 2017 10:10 am

"We are working together on how to create new solutions for the Indian market especially focusing on GST for likely immediate challenges," said Scott Allison, President of Life Sciences & Healthcare sector, DHL Customer Solutions and Innovation.

Nasscom, IT-BPM, Industry growth, IT growth
June 23, 2017 1:45 am

According to Nasscom, the industry added over $11 billion in revenue during 2016-17, growing at 7.6 per cent in reported currency terms. This was lower than their revised range pegged at 8-10 per cent from 10-12 per cent growth estimated originally.

Hasmukh Adhia, GST, Tax regime, GST Council
June 23, 2017 1:41 am

Allaying the fears of increased compliance burden in the GST regime, Adhia said that this was rather a “myth” as just the software used by businesses for the interface with the taxman needed a one-time tweaking.

Urjit Patel, GST, Tax regime, Fintech
June 23, 2017 1:06 am

‘Not overly pessimistic about jobs scenario in IT; start-ups can compensate’

gst, gst act, gst rollout, Goods and Services Tax, narendra modi,
June 22, 2017 10:04 pm

Of the 65 lakh tax payers who have registered with GST, 70-80 per cent are business-to-consumer (b2c) dealers who have to file just total turnover return, he said, adding that only business-to-business (b2b) have to give invoice-wise details.

Piyush Goyal, power sector, power cut, power sector loan, bad loan, indian express news, business news, india news
June 22, 2017 8:36 pm

Goyal added that there are a couple of issues raised, which will be put forth at the next meeting of the GST Council.

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June 22, 2017 7:56 pm

The RBI Governor said that creation of a national market, GST will also reduce many inefficiencies within the states while moving goods from within a state and also across the country

gst, gst act, gst rollout, Goods and Services Tax, narendra modi,
June 22, 2017 7:36 pm

All states and union territories (UTs), except Jammu & Kashmir, have passed the State GST Act and are ready to rollout of the indirect tax regime from the midnight of June 30.

piyush goyal, village electrification, electrify households, Rural Electrification Corporation and Power Finance Corporation , power supply, india news, latest news
June 22, 2017 5:59 pm

Goyal added that there are a couple of issues raised, which will be put forth at the next meeting of the GST Council.

SEZ Act, SEZ Act amendment, special economic zone, SEZ act 2005, Goods and Services Tax, GST, tax exemption, indian express news
June 22, 2017 4:52 am

The GST which marks a shift of the current indirect taxation system from a production-based one to consumption-based has great potential to boost the country’s GDP or national income, Ajit Ranade said.

Monetary policy, repo rate, Ravindra H Dholakia, RBI
June 22, 2017 3:52 am

The vote marked the first non-unanimous decision in the five meetings since the MPC was formed in September 2016.

GST, GST rollout, Goods and services tax, Kerala GST, J&K GST, Kerala GST ordinance,
June 22, 2017 8:18 am

Kerala on Wednesday issued an ordinance approving the SGST Act, while West Bengal had issued it on June 15. Given the special status under the Constitution, J&K needs to ratify all GST-related laws in its Assembly, unlike states which had to pass only SGST Act.

Crop loan waivers, Fiscal deficit, agricultural crisis, agricultural loan waivers
June 22, 2017 3:06 am

Debt waivers would engender an additional burden on the respective states’ fiscal balances, necessitating further debt raising beyond our baseline estimate of Rs 4,50,000 crore for FY2018, said Jayanta Roy.

Sebi, Ajay Tyagi, credit rating agencies, Reliance communications
June 22, 2017 2:46 am

Sebi wants to know whether investors could have been alerted and rating actions on RCom could have been initiated earlier.

devendra fadnavis, maharashtra cm, indian express
June 22, 2017 2:45 am

Chief Minister Devendra Fadnavis had earlier held meetings with Union finance minister Arun Jaitley to discuss the issue of junked notes in DCCBs.

BJP, BJP leaders with old notes, Demonetised notes, Demonetisation
June 22, 2017 2:31 am

The central bank is yet to release the data on how much of the banned currency was deposited with the banking systems

Sebi, Sensex, Sensex points, Sensex points shoot up, market news, NIFTY, indian express news
June 22, 2017 2:25 am

Markets regulator’s move likely to help tackle the bad loan crisis in domestic banks

Gearing up for the GST roll-out from from July 1, the Railways has appointed nodal officer in each state to ensure smooth transition into the new single tax regime.
June 21, 2017 9:11 pm

Service tax on ticket charges is set to hike from 4.5 per cent to 5 per cent after the GST implementation.

Union Petroleum Minister Dharmendra Pradhan, GST, Dharmendra Pradhan, Bhubaneswar GST, GST Bhubaneswar, Dharmendra Pradhan GST, Business News, Indian Express, Indian Express News
June 21, 2017 8:30 pm

"Odisha will be hugely benefited as the taxing point will shift from production base to tax on consumption. As Odisha is a consuming state, tax revenue will be buoyant," Dharmendra Pradhan said

SEZ Act, SEZ Act amendment, special economic zone, SEZ act 2005, Goods and Services Tax, GST, tax exemption, indian express news
June 21, 2017 6:47 pm

Reminiscent of India's tryst with destiny at the mid- night of August 14-15, 1947, Parliament's historic Central Hall will host an hour-long function on the intervening night of June 30-July 1 to mark the GST kick-off.

SEZ Act, SEZ Act amendment, special economic zone, SEZ act 2005, Goods and Services Tax, GST, tax exemption, indian express news
June 21, 2017 6:38 pm

The Excise and Taxation Minister, Capt Abhimanyu said that there would be three First Appellate Authorities at Ambala, Rohtak and Faridabad headed by JETC (Appeal)

GST, Retailers, evenue Secretary Hasmukh Adhia, Hasmukh Adhia, Hasmukh Adhia GST, GST Hasmukh Adhia, Retailers Hasmukh Adhia, Business News, Indian Express, Indian Express News
June 21, 2017 5:40 pm

"Eighty per cent of the businesses will have to simply file total turnover detail in return because they are all B2C dealers or retailers. Return filing is very easy, people need not worry about filing process, it is very transparent and is done by machine," Adhia said

GST, e-ways bill, courier companies, logistics industry, business news, economy news, india news, latest news, indian express
June 21, 2017 5:23 pm

The industry has also made its case to the GST Council, and Ministries of Commerce and Civil Aviation on this aspect, but is yet to get any positive response

RBI, Overseeing committee, RBI OC, Banking Regulation (Amendment) Ordinance
June 21, 2017 1:21 pm

This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI.

GST, GST Rollout, Healthcare tax, Private hospitals GST
June 21, 2017 1:53 am

While education and healthcare are out of the GST net, various rates are applicable to drugs, equipments, APIs etc.

June 21, 2017 1:50 am

Sunset clause of two years inserted; 8-11 months provided for the process

GST, GST rollout, Arun Jaitley, GST rollout extension
June 21, 2017 1:43 am

The GST will be launched in presence of President Pranab Mukherjee during the function, which is being organised by the Parliamentary Affairs Ministry.

Rita Teaotia, GST, Exports, GST impact on exports
June 21, 2017 1:11 am

India’s exports grew at its fastest pace in the last five years by 4.7 per cent to $274.65 billion in the financial year 2016-17.

GST, PM Narendra Modi, Prime Minister Narendra Modi, Modi GST, PM Narendra Modi GST, India News, Indian Express, Indian Express News
June 20, 2017 9:59 pm

The prime minister said he was grateful to all those who had contributed towards the formation of a consensus over the tax reform. I am grateful to all the vidhan sabhas, Lok Sabha, Rajya Sabha and political parties, Modi said

RBI, Overseeing committee, RBI OC, Banking Regulation (Amendment) Ordinance
June 20, 2017 5:58 pm

While there are increased expectations for a policy rate cut due to moderation in the both WPI and CPI inflation along with weak industrial production and GVA growth rate, future policy stance will be contingent on a number of factors

June 20, 2017 4:02 pm

The container volume growth dropped to 7 per cent as compared to 10 per cent in the same period last year, the report said, adding export growth stayed flat at 8 per cent while import expansion slid to 5 per cent from 13 per cent last year.

Arun Jaitley, Farm loan waiver, Maharashtra, Devendra Fadnavis
June 20, 2017 7:35 pm

"There will be a brief function of about one hour where the Prime Minister and President will speak on the subject and there are two short films on the subject of GST which have been prepared for this event," Arun Jaitley said.