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Joe C Mathew
New Delhi, September 11, 2018
The Reserve Bank of India (RBI) has highlighted that the fiscal deficit of all 29 Indian states would decline to 2.6 per cent of gross domestic product (GDP) as per their FY2019 Budget Estimates (BE), from 3.1 per cent of GDP as per their FY2018 Revised Estimates (RE).


BusinessToday.In
August 10, 2018
Finance Minister Piyush Goyal on Thursday said the capacity to slash the GST rates on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalises.


Dipak Mondal
New Delhi, July 19, 2018
The verdict raises an important question - should failure to fill truck's details in the e-way bill invite such a harsh punishment?


BusinessToday.In
New Delhi, July 9, 2018
The IRCTC manager would attend to the complaints even when the train is in motion and would report to the train captain at the railway station where the train originates.


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


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
New Delhi, July 2, 2018
Indian economy set for a surge, to touch USD 5 trn by 2025: Prez  President Ram Nath Kovind today said the Indian economy is set for a surge with the GDP size expected to double to USD 5 trillion probably by 2025.He was speaking after launching the platinum jubilee celebrations of chartered accountants' apex body ICAI. \"Indian economy is set for a surge and in the next decade, probably even by 2025, India is expected to double the size of the GDP to USD 5 trillion,\" Kovind ...


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.


Dipak Mondal
New Delhi, July 1, 2018
Almost all experts and commentators including Finance Minister Arun Jaitley believe that India cannot have a single rate GST, but six GST rates - 0%, 3%, 5%, 12%, 18% and 28% -- is nowhere near the kind of GST this government set out to implement.


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
New Delhi, June 26, 2018
A reason the government wants to include jet fuel and natural gas under the GST is low tax incidence on them, which is a safe bet for the government as they can be easily accommodated in the five-slab tax system.


BusinessToday.in
New Delhi, June 12, 2018
CBI seeks Red Corner Notice against billionaire jeweller Nirav ModiThe CBI has asked the Interpol to issue a Red Corner Notice against absconding billionaire jeweller Nirav Modi in the over USD 2 billion banking scam involving Punjab National Bank. The agency has written to the Interpol to issue the notice which would mean that the member countries of the Lyon-based international police cooperation agency can arrest and extradite Nirav Modi who fled the country in January.Donald T...


BusinessToday.In
New Delhi, June 11, 2018
The e-way bill roll out on April 1 was credited with the improvement in GST compliance during the month. The GST collection for the month of April collected in May amounted to Rs 94,016 crore, compared to the average Rs 89,885 crore recorded in 2017-18.


PTI
New Delhi, June 9, 2018
The CBIC has asked exporters and traders to visit their jurisdictional GST office or Customs House/Port and settle pending claims during the Special Refund Fortnight from May 31 to June 14, 2018.


PTI
June 9, 2018



Dipak Mondal
New Delhi, June 1, 2018
Out of Rs 94,016 crore, Central GST (CGST) collected has been Rs 15,866 crore, State GST (SGST) was Rs 21,691 crore and Integrated GST (IGST) is Rs 49,120 crore (including Rs 24,447 crore collected on imports) and cesses Rs 7,339 crore.


BusinessToday.in
New Delhi, June 1, 2018
Finance ministry has announced that all the states in the country would have implemented e-way bill for intra-day movement of goods by June 3; there's much to cheer about the 7.7 pc GDP growth rate in Q4 of 2017-18, yet, there's still a lot that's not right with the economy and nobody bid for national carrier Air India as potential bidders were truly put off by some onerous conditions. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


PTI
June 1, 2018



BusinessToday.In
June 1, 2018
After crossing Rs 1 lakh crore milestone for the first time in April, the GST collection for the month of May has been unable to keep pace with the preceding month. Total gross GST revenue collected in May 2018 stood at Rs 94,016 crore as against Rs 1,03,458 crore in April.


BusinessToday.in
New Delhi, May 30, 2018
In the second part of interview, GSTN CEO Prakash Kumar discusses how the GST data is being utilised by different organisations to keep an eye on compliance. The GSTN CEO also touches on the steps being taken by the organisation to detect a fraud at the earliest.


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