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Dipak Mondal
New Delhi, July 11, 2018
This increase in the threshold would automatically lead to withdrawal of many pending case under direct and indirect tax litigations.


BusinessToday.In
New Delhi, July 11, 2018
Apart from facilitating ease of doing business, the measure would also reduce future litigation flow from the tax departments. Overall, around 41 per cent cases related to direct taxes and 18 per cent cases related to indirect taxes would be withdrawn after the move.


BusinessToday.In
July 11, 2018
Petrol and diesel cars might get more expensive in the near future, if the finance ministry has its way.


Reuters
July 11, 2018
The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.


BusinessToday.In
July 10, 2018
The Ministry of Human Resource Development today came out with an explanation on how Jio Institute was accorded such coveted status despite having no physical infrastructure in place.


BusinessToday.In
New Delhi, July 9, 2018
Preliminary discussions are reportedly already underway with the RBI after the finance ministry, income tax department and some investigating agencies raised the issue in the wake of a series of steps to crack down on shell companies and money laundering.


Goutam Das
New Delhi, July 9, 2018
Indian real estate, especially the residential segment, is battered. Homebuyers have been taken for a ride by builders who couldn't complete projects. This led to a trust deficit, and the subsequent enforcement of the Real Estate Regulation and Development Act (RERA), which is now forcing builders to change their operating models. Rajeev Talwar, CEO, DLF Ltd., and Chairman of the National Real Estate Development Council (NAREDCO), tells Business Today's Goutam Das about the changing landscape, why it is time to create excess supply in affordable housing, and how to go about it. Edited excepts:


Dipak Mondal
New Delhi, July 9, 2018
The GST bandwagon has had a choppy ride in the first year but is gaining momentum. Further fine-tuning of the GST law holds key to future success


BusinessToday.In
July 7, 2018
The RBI had in April directed all the banks to stop dealing with individuals and businesses dealing in virtual currencies in next three months - the deadline ended on July 5.


BusinessToday.In
July 7, 2018
Recently, FICCI conducted a survey of enterprises on completion of one year of GST and their experience post-GST implementation. According to the survey, 59 per cent of the respondents mentioned that they were not satisfied with the capability of the GSTN portal.


BusinessToday.In
New Delhi, July 6, 2018
As of now, petroleum products including petrol, diesel, crude oil, natural gas and aviation turbine fuel (ATF) have been exempted from the GST.


Rajeev Dubey
New Delhi, July 4, 2018
The recommendations submitted by the committee are truly uni-dimensional as the panel only looks at the bankers' perspective, which is hardly surprising considering it comprised only PSU bankers.


BusinessToday.In
July 4, 2018
All the banks and financial entities after tomorrow will stop operating accounts that are in any way linked to virtual currency trade. So, if you are still invested in Bitcoin or any other cryptocurrencies, it's time to think about the options in front of you.


PTI
July 4, 2018
\"...the rates of interest on various small savings schemes for the second quarter of financial year 2018-19 starting July 1 and ending on September 30, 2018 shall remain unchanged from those notified for the fourth quarter of financial year 2017-18,\" the Finance Ministry said while notifying the rates for the second quarter.


BusinessToday.In
July 3, 2018
The apex bank had in April directed all the banks to stop dealing with individuals and businesses dabbling in virtual currencies in next three months - the deadline ends on July 5.


BusinessToday.In
July 3, 2018
In early April, India's foreign exchange reserves had hit a life-time high of $424.864 billion, and was cited by Asian Development Bank's Chief Economist Yasuyuki Sawada as the reason why India did not need to worry much about currency fluctuations.


BusinessToday.In
July 3, 2018
India imported 771,000 barrels of crude oil a day from Iran in May, a 35 per cent increase from the previous month.


PTI
New Delhi, July 2, 2018
The committee favours banks and overseas investors funding for the bad bank. The proposed 'bad bank' should also appoint experts from outside to tackle the stressed assets issue, suggests the panel.


Mail Today Bureau
July 2, 2018
Under the four-tier Goods and Services Tax, taxes are levied in the brackets of 5 per cent, 12 per cent, 18 per cent and 28 per cent. On top of the highest tax bracket, a cess is levied on luxury goods such as big cars and sin goods such as sugary drinks and cigarettes.


PTI
New Delhi, July 1, 2018
In June, total revenues earned by the Centre and states after settlement are Rs 31,645 crore for Central Goods and Services Tax (CGST) and Rs 36,683 crore for State Goods and Services Tax (SGST), the finance ministry said.


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