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

According to Finance Ministry sources, the central government started realising sometime in August 2019 the impending precarious position in paying GST compensation to the states and UTs

Finance Ministry said that despite the lobbying against the crackdown, the government is planning to take stern action against the risky exporters, who have claimed IGST refunds worth Rs 2,020 crore and now are untraceable

Rajkumar says he doesn't understand how he became a defaulter when he never took a loan

Most complain of unusually long fatigue after a corona illness as opposed to a common cold or common flu where you are up and about in a few days

Students will get to work on projects in cutting edge technology areas such as artificial intelligence (including vision tech), machine learning, Internet of Things (IoT) and 5G networks to solve real-world problems

\"The RBI has been expanding its balance sheet and it has been buying government debt. But effectively, in that process, what it is doing is borrowing from the banks at the reverse repo rate and lending on to the government,\" Rajan said

The customers can use the new feature for their mobile bills, mutual funds and loan payments, transit or metro fares, EMI payments,insurance, electricity bills, and others

The GST Network, the IT support of the GST regime, is working on modifying and improving the current returns and will soon announce an advanced version of the existing system

A campaign for boycott of Chinese products is opening up opportunities for local brands in smartphones and TVs. But do they have the scale to upstage the Chinese?

Last week, wholesale figures released by industry body Society of Indian Automobile Manufacturers (SIAM) shows that the number of vehicles produced and shipped from the factories to dealerships across the country,had also shown a similar 41 per cent decline for the month

The Central Board of Direct Taxes (CBDT) said that data analysis has identified certain taxpayers with high value transactions who have not filed returns for AY2019-20 (relevant to FY2018-19)

Stock Market Highlights on July 15: Infosys, Axis Bank, Tech Mahindra, Bajaj Finance, Tata Steel, HCL Tech and IndusInd Bank were among the other gainers on Sensex. On the other hand, Bharti Airtel, ITC and Kotak Bank were the laggards

Sale of automobiles in India crashed by over 40 percent in June as a broken supply chain impaired the ability of companies to manufacture cars and two wheelers

Most of the vehicles being bought by the people are in the range of Rs one lakh to Rs eight lakh. There is not much demand in high-end cars upwards of Rs 10 lakh. The highest demand is in the small car segment

The financial services sector is witnessing the adoption of new technologies and business model changes, albeit in different and innovative ways

In a message to tax officers on the third anniversary of Goods and Services Tax (GST), Sitharaman also said there is scope for easing compliance further for taxpayers, especially MSMEs

MSME sector currently contributes about 48 per cent to the country's export and this has to be further enhanced by means of technological upgradation and product development, Gadkari said

Coronavirus pandemic has upended the fundamentals of hospitality sector, including Oyo; occupancies are down, room rates are down, the economy is limping, and state-specific restrictions have only made it difficult for the sector to gain travellers' confidence

Why the sharp recovery and sustained run in stock markets is built on weak fundamentals. Despite the fall, they are trading at double the valuation of the 2008 Lehman crash