MSMEs have claimed that GST Act imposes higher tax rate and compliance burden for businesses selling online, thus preventing them from swiftly transitioning to online platforms

Multi-cap funds were largely following composition of equity market capitalisation in their portfolio distribution with more than 70% investment in large cap stocks, which was often similar to large cap funds

Last month, Punjab National Bank managing director S S Mallikarjuna Rao said about 5-6 per cent of loan book would go for restructuring as per RBI-approved guidelines

Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for COVID-19 related stress by September 15

Reliance Industries (RIL), through its subsidiary Reliance Retail, will aquire the retail & wholesale business and the logistics & warehousing business from the Future Group on a slump sale basis for Rs 24,713 crore

The GST Council, comprising centre and state finance ministers, in its 39th meeting in March had decided that interest for delay in payment of GST to be charged on net tax liability with effect from July 1, 2017, and law would be amended retrospectively

Earlier, the GST exemption limit was fixed at Rs 20 lakh. In addition, those with a turnover of up to Rs 1.5 crore can opt for the Composition Scheme and pay only 1 per cent tax

In a series of tweets, the ministry said before goods and services tax (GST), the combination of value-added tax (VAT), excise, sales tax and their cascading effect resulted in high standard rate of tax up to 31 per cent

The government on Tuesday said that it has taken cognizance of the reports in the media about Ayurvedic medicines developed for treatment of coronavirus by Patanjali Ayurved

The heads of all Public Sector Banks (PSBs) have been issued a detailed advisory by the Department of Financial Services (DFS) to make a reduction of 20% in their expenditure pertaining non-core business operations

He feels provision for some kind of cash dispensation is necessary, saying the government could cut some other expenditures, perhaps towards administration or travel

Benefit under all export promotion schemes, except SEIS and other schemes, will continue to be available for another 12 months; decision on continuation of SEIS will be taken and notified subsequently

All export promotion schemes, except SEIS, and other schemes to continue for another year; decision on SEIS to be taken on a later date

Nirmala Sitharaman press conference updates: The Finance Minister is expected to announce a relief package to cushion the impact of coronavirus

FM Sitharaman addressed taxpayers' concerns related to income tax returns, corporates' demand  related to compliance, GST deadline, IBC related matters, and other related compliances

The FM made these announcements during her address to the media on measures to tackle the economic impact of coronavirus

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long

In the 38th GST Council meeting, the government received several suggestions to increase GST revenues including cess on cosmetics, gambling and recreational services

The second and concluding part looks at how the quarterly GDP estimates use the organised sector indicators to measure the unorganised sector, which contributes nearly 50% to the GDP, thereby giving a misleading picture of the state of economic health

Infosys was the top Sensex loser today falling 5% to Rs 765.30.  It slid up to 7.83% to Rs 742.1 on BSE. Similarly, Tech Mahindra and TCS lost 2.52% and 2.44% on Sensex, respectively.