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Mail Today Bureau
July 19, 2018
Addressing shareholders at the annual general meeting of the group flagship Ultratech Cement, Birla noted that the economy has shown considerable resilience to the transitory effects on demonetisation and GST rollout.


BusinessToday.In
July 10, 2018
According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle (PV) sales rose to 2,73,759 units last month from 1,99,036 units in June last year.


Prosenjit Datta
New Delhi, July 9, 2018
The Goods and Services Tax (GST) has just completed a year, and it has been an eventful journey.


Prosenjit Datta and Rajeev Dubey
New Delhi, July 9, 2018
As the Goods and Services Tax turned one, Business Today organised a discussion to understand how the journey had been so far, and what needed to be done in future. The panel, comprising Anita Rastogi, partner, indirect tax, PwC; Abhishek A. Rastogi, partner, Khaitan & Co; Atul Gupta, senior director, Deloitte, Haskins & Sells LLP; Ajay Sahai, Director General & CEO, Federation of Indian Export Organisations; Harpreet Singh, partner, indirect tax, KPMG; and Anil Bhardwaj, secretary general, Federation of Indian Micro & Small and Medium Enterprises held a 90-minute discussion


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.


Mudit Kapoor
New Delhi, July 2, 2018
The increased sales figures posted by the Indian auto companies depict a cheerful picture. But, the main reason behind such higher sales this June was weaker demand in June 2017.


Virendrasingh Ghunawat
July 1, 2018
Thousands of GST officials from CGST office have decided to stay away from the one year GST celebration across the country. It indicates though the BJP government is trying to make it a bigger celebration event, everything is not okay within the taxmen fraternity who alleges pressure from seniors to meet the targets.


BusinessToday.In
New Delhi, June 29, 2018
As the Goods and Services Tax at the brink of completing its first year in operations, here's a look at what the taxpayers expect the unified indirect tax regime to achieve.


BusinessToday.In
June 16, 2018
According to a report by SBI Research, as many as 16 of the 24 states have seen their revenue increasing over and above the 14 per cent baseline - a mutually accepted minimum tax growth rate between the Centre and the states post-GST rollout below which the states have to be compensated.


PTI
May 30, 2018



Goutam Das
New Delhi, May 25, 2018
India is likely to see a jobs windfall in three areas - sales, services, and logistics. That is because India is a domestic consumption market and when more products are manufactured, they would need to stored, transported, delivered.


BusinessToday.In
May 18, 2018
Baba Ramdev's closest aide and Patanjali's managing director, Acharya Balkrishna, has blamed the lingering effects of demonetisation and the implementation of goods and services tax (GST) for lack of growth.


Prosenjit Datta
New Delhi, May 14, 2018
Editor's note by Prosenjit Datta


PTI
May 7, 2018



PTI
May 1, 2018



BusinessToday.In
New Delhi, April 19, 2018
India must fully implement GST to avoid tax revenue underperformance: IMFIndia, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid tax revenue underperformance resulting in cuts to capital expenditures, the IMF has said. In India, fiscal consolidation was paused in fiscal year 2017/18 at the federal level as the economy recovered from disruptions related to demonetisation and the rollout of the GST, it said.Rising trade tensions between US and China will affect India's growth : Reuters pollIndia will claim the top spot among the world's fastest-growing major economies this year, but rising trade tensions between the United States and China may restrain that growth, a Reuters poll of economists showed. The recent tit-for-tat import tariffs imposed by the U.S. and China have raised concerns about a full-fledged global trade war which could throw an otherwise-strong world economy off-course. Twenty of 29 economists who answered an extra question said India's economy will be hurt by the ongoing trade dispute. However, not all economists shared that view. Nine respondents said India's economy would benefit from the dispute.Avoid policies that increase economic fluctuations: IMF to countriesWith public debt currently at historic highs in advanced and emerging market economies, the IMF has advised countries to avoid policies that increase economic fluctuations. Vitor Gaspar, Director, IMF Fiscal Affairs Department has also advised countries to build strong public finances in good times in order to tackle looming risks.The global debt reached a record high in 2016 at USD 164 trillion, or almost 225 per cent of GDP with most of the debt in advanced economies although in the last 10 years, emerging market economies have been responsible for most of the increase.Patanjali expects online sales to grow in the coming monthsHere's some news for Patanjali patrons, Baba Ramdev led Patanjali Ayurved is clocking online sales of up to Rs 15 crore every month and it is expected to grow further every month, said a top official. The Haridwar-based company has done well in the last financial year and expects to perform better in the current fiscal. \"We are doing online business of Rs 10 to 15 crore, and expect it to increase further every month,\" Patanjali CEO Acharya Balakrishna told PTI. He further added, \"We are doing good in the online sales despite the fact that we are not participating in any discounted sales\".Amazon reveals Prime service has 100 million membersAmazon has persuaded more than 100 million shoppers to subscribe to its Prime service that offers free two-day shipping and other perks that help bind people to the company and its ever-expanding empire. CEO Jeff Bezos quantified the size of Amazon's Prime membership for the first time yesterday in his annual letter to the Seattle company's shareholders. The scope of Prime's success has stunned even the most optimistic of analysts. Amazon still isn't the king of digital subscriptions, though. Netflix has 125 million worldwide subscribers who, on average, pay about $120 annually to watch its video-streaming service, based on numbers the company released with its quarterly earnings earlier this week.Indian investments to create thousands of UK jobsThe British government today announced a new India-UK trade partnership to mark Prime Minister Narendra Modi's visit here, which comes with a huge boost for the country's economy. The UK's Department for International Trade (DIT) said a range of new Indian investments worth more than 1 billion pounds will create or safeguard 5,750 British jobs for the economy as part of the new partnership. According to DIT figures, total trade in goods and services between the UK and India was 18 billion pounds in 2017, a 15 per cent increase from 2016.


PTI
April 18, 2018



BusinessToday.In
New Delhi, April 16, 2018
Intra-state bills now mandatory across Karnataka, Gujarat, Uttar Pradesh, Andhra Pradesh, Telangana and Kerala


PTI
April 15, 2018
The Central Board of Indirect Taxes and Customs has laid out a detailed procedure with respect to time bound uploading of reports/ forms by revenue authorities, time bound closure of cases where goods have been detained, instructions to release goods where there are no prima-facie irregularities.


PTI
New Delhi, April 14, 2018
This would \"ensure uniformity\" in the procedure of interception or conveyance for inspection of goods, detention, seizure, and release and confiscation of such goods and conveyances, the CBIC said in a circular.


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