Jammu traders call for ‘bandh’ on Nov 6

Jammu traders call for ‘bandh’ on Nov 6

Jammu: The traders of the Jammu region today gave a call for bandh here on November 6 to protest against the continuation of toll tax on goods imported from outside the state. The bandh call was given by Neeraj Anand, President, Chamber of Traders Federation (CTF), here today. Anand called upon all trade organisations to […]

Exporters can claim refund this week for GST paid in Aug, Sept

Exporters can claim refund this week for GST paid in Aug, Sept

NEW DELHI: Exporters can soon start claiming refunds for GST paid in August and September as GSTN will this week launch an online application for processing of refund, its Chief Executive Officer Prakash Kumar said on Monday. GST Network (GSTN), the company handling IT infrastructure for the indirect tax regime, has from October 10 started […]

The Failure of Modinomics

The Failure of Modinomics

By Dr. Showket Ahmad Dar It has been close to one year since the government announced its decision to discontinue the legal tender status of Rs. 500 and Rs. 1000 notes (85% of the currency by value) followed by the GST rollout in July this year. The so called massive disruption caused by the massive […]

Tax on barter trade: Cross LoC traders asked to pay GST

Tax on barter trade: Cross LoC traders asked to pay GST

Srinagar: The tax exempted Cross-LoC trade that runs on a barter system might now come under the new goods and service tax regime. The move has left the traders puzzled as to what mechanism will be used to evaluate the amount of taxes imposed on trade. “Our trade was tax exempted in the previous tax […]

India on firm growth path with bold moves like note ban, GST: Opec

NEW DELHI: India is experiencing some of the greatest structural changes as bold new reforms like note ban and GST have put the country firmly on a sustainable growth path, oil cartel Opec’s Secretary General Mohammed Barkindo said on Tuesday. Speaking at the India Energy Forum by CERAWeek, he said the country’s expanding middle class […]

Demonetisation resulted in decline in insurgency: Jaitley

Demonetisation resulted in decline in insurgency: Jaitley

Washington: The demonetisation has resulted in a sharp reduction in insurgent and “terror” activities in Jammu and Kashmir where stone throwers were no longer active in the last 8-10 months, Finance Minister Arun Jaitley said. He made the remarks while refuting the impression that transformational initiatives like ‘Swachh Bharat’, GST and demonetisation have not resulted […]

State’s industries reeling from GST blow of higher tax

State’s industries reeling from GST blow of higher tax

SRINAGAR: Jammu and Kashmir’s industry sector, particularly manufacturing, has taken a serious hit since the Goods and Services Tax (GST) was introduced in the state. Muhammad Ashraf Mir, President of the Federation of Chambers of Industries, told Kashmir Reader there has been no manufacturing activity in the state since the GST regime was implemented on […]

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