Economy has cost PM Modi: Omar

Economy has cost PM Modi: Omar

SRINAGAR: Former Jammu and Kashmir chief minister Omar Abdullah on Thursday said a survey was not needed to admit that India’s Prime Minister Narendra Modi is the most popular leader in India at the moment but the economy has cost him. “That said I don’t need a survey to tell me what most would admit […]

Exporters can manually file GST refund claims: CBEC

NEW DELHI: The Government of India has allowed exporters to manually file before tax officers claims for GST refunds as it looks to fast track clearance of dues to ease liquidity stress faced by them. Now exporters of services who paid IGST and those making zero rated supplies to SEZ units as well as those […]

Consumers to get GST rate cut benefits

NEW DELHI: The Indian Cabinet on Thursday approved setting up of a National Anti-profiteering Authority under the GST, as it seeks to ensure that consumers get the benefit of reduced prices under the new indirect tax regime. Indian Minister Ravi Shankar Prasad said currently there are only 50 items which attract the highest tax of […]

GST clears a hurdle, but tougher challenges await

GST clears a hurdle, but tougher challenges await

Last Friday, the verbal slug fest between the Bharatiya Janata Party (BJP) and the Congress, both in the run-up to and after the GST Council meeting in Guwahati, all but hijacked the narrative. For any lay person, listening in on this political grandstanding, it would seem as though the entire meeting was about the slashing […]

Jaitley hints at pruning more items in 28% GST slab

NEW DELHI: India’s finance minister Arun Jaitley on Tuesday hinted at pruning the list of items in the highest goods and services tax (GST) bracket of 28% after revenue in the new regime equalise collections previously. Under the GST regime implemented from July, over 1,200 products and services have been fitted into one of the […]

Bankers say note ban has been good for them

MUMBAI: A couple of days ahead of the first anniversary of the Narendra Modi government’s decision to demonetise Rs 500 and Rs 1,000 currency notes, bankers on Monday said the step had been good for them as it resulted in higher deposits and pushed digitisation at a faster pace. On November 8 last year, Prime […]

GST Council may remove some common-use items from 28% bracket

NEW DELHI: The GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products, and daily use items like shampoo, and simplify return filing rules in its meeting this week. The Council, headed by India’s Finance Minister Arun Jaitley, is scheduled to meet on November 10 to consider […]

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