Traders' body FAIVM advocated levying income tax on partnership firms and limited liability partnerships at 22 per cent instead of the present 30 per cent, bringing it at par with corporate tax rate

The government had notified certain changes to the GST Rules on December 22 and some of the rules are set to be applicable from January 1 next year

Pen manufacturers have approached the Central Board of Indirect Taxes and Customs, alleging that a 12 per cent GST is imposed on the product

The Federation of All India Vyapar Mandal (FAIVM) said, though they support stopping the import of Chinese goods for creating a roadmap to reduce dependence on Chinese products but any action should not endanger\" the ongoing domestic business

Another national traders' body, The Confederation of All India Traders (CAIT), has decided to step up its movement against the boycott of Chinese goods, under its campaign 'Bhartiya Samaan-Hamara Abhimaan'

\"Corona(virus) has come. It is impossible that there will be no cases of coronavirus because it has not happened across the country. We will have to be ready to live with coronavirus. We will have to get used to it,\" Delhi Chief Minister Arvind Kejriwal said

Business Today spoke to various stakeholders to understand their suggestions on what changes they seek from the government to simplify not just the return filing process but also the overall compliance requirement

GST Council meet: Although the Council has extended the date for filing the annual return for 2017-18 several times, it doesn't help much as the return form itself seems to have flaws.

The Budget has many pleasant surprises on the corporate tax front

Close on the heels of the opposition raised by RSS affiliated groups like Swadeshi Jagran Manch (SJM), over 100 civil society groups, including Left leaning trade unions, farmer organizations and trade associations have opposed  Walmart's $16 billion takeover bid for e-commerce firm Flipkart.

It has been designed keeping in mind large businesses and ignoring the problems that small businesses may face, says President of Federation of Indian Small Business.