Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word

He asked opposition parties in Maharashtra to raise unitedly with the state government the demand before the Centre for clearing the state's GST dues

\"The 23.9 per cent contraction in Indiacompares with a drop of 12.4 per cent in Italy and 9.5 per cent in the United States, two of the most COVID-19-affected advanced countries,\" Rajan wrote in a post on his LinkedIn page

Referring to the prime minister's speech at the launch of the GST in July 2017, Soren said Modi had portrayed the new tax regime as a great example of cooperative federalism that would herald inclusive growth of the nation

Decline in India's GDP during June quarter was a result of stringent lockdown imposed across the country, claimed Finance Ministry in Economic Review report for August

The Income Tax department has already provided a functionality 'Verification of applicability u/s 194N' for banks and post offices since July 1, 2020

Gross mismanagement of the economy, starting with demonetisation in November 2016 and continued with untimely, unplanned and sudden nation-wide lockdown has compounded the GST problem. Centre's refusal to pay compensation to states now may derail it completely

Value investing is all about picking good quality stocks trading at a discount to historical valuations. BT crunches the numbers to bring you likely future wealth generators

However, mutual funds' investment in infrastructure investment trusts (InvITs) dropped by 8 per cent to Rs 4,968 crore in the period under review

India Stock Market Highlights Today: Axis Bank, followed by IndusInd Bank, ICICI Bank, L&T, Tata Steel, Sun Pharma and ONGC were among the top gainers on Sensex pack. On the other hand, HCL Tech, Kotak Bank, Asian Paints, Infosys and HDFC Bank were among the laggards

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

Logistics major Blue Dart has come up with attractive pricing offers to attract new businesses; it has tweaked the business to align it with government's Vocal for Local and Make in India initiatives

In a bid to bridge state government's revenue gap, the Centre has decided to increase borrowing limits of states from 3% to 5%, which will give them extra resources of Rs 4.28 lakh crore

The advance ruling mechanism under GST is fraught with many gaps, which is compounding the problems of taxpayers

Despite an ambitious target, public expenditure on infrastructure - the only functional engine of the economy - is dwindling. That spells bad news for economic recovery

The Trump administration has made some exceptions to the recent H-1B visa ban by allowing visa holders to enter the country if they want to return to the same job they had before the ban was imposed in June; The US budget deficit climbed to USD 2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday; Education technology company Unacademy, which is already one of IPL's sponsors, is eyeing the league's title sponsorship rights now and is set to submit its bid to replace Chinese mobile phone company Vivo this season. Watch this and more on News Blast.

DGGI uncovers GST evasion worth Rs 17.2 cr after multiple searchesThe Directorate General of GST Intelligence (DGGI) conducted multiple searches at premises of a major cement manufacturer in Madhya Pradesh and Uttar Pradesh over the last seven days and detected GST evasion of Rs 17.2 crore.  The DGGI, the enforcement arm of the Central Board of Indirect Taxes & Customs (CBIC), has arrested a director of the company from Satna in Madhya Pradesh in this connection, it said.H-1B visa ...

The government recently decided against implementing the new return format and instead stuck to the existing one with some improvements like introduction of GSTR 2B form and detailed GSTR1 and GSTR 3B forms

Purpose of implementing e-invoices is to curb GST evasion through issuance of fake invoices;it'll make returns filing process simpler for businesses

The Finance Secretary, sources said, retorted that the GST Act was built with provisions to rework the formula for compensation to states if the revenue collection dropped below a certain level