Reviving India’s animal spirits
There is a huge disconnect between certain key political and economic macro facts and the real state of the Indian economy. We have a party...
Tag : tax
Under pressure, FM forced to act
by Ali Azar
If one were to draw a parallel between the BJP’s political and economic strategy, it would be something like this. Politically, the BJP has made...
Business Headlines: Under pressure, FM forced to act
The recent budget was expected to come out with some tough policy action and offer stimulus to revive a sagging growth. However, that didn’t happen....
CAG report warns of possible money laundering through farm income
CAG reports pointing out gruesome irregularities and lapses within the agricultural functioning the Modi govt should either tighten its scrutiny on farm income or should...
High value cars, jewellery to become cheaper as Tax Collection at Source to be excluded in computing GST
by News Desk
New Delhi | In a relief to buyers of high-value cars and jewellery, the CBIC has said that the TCS amount would be excluded from the...
Working to bring 99 percent things in sub-18 percent GST slab: PM Modi
Mumbai | Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure...
Delhi government issues show cause notices to 51,500 tax defaulters
New Delhi | The Delhi government’s Trade and Taxes Department has issued show cause notices to 51,500 people for defaulting on tax payment, an official said...
Demonetisation led to more tax collection, higher growth: Jaitley
New Delhi | Finance Minister Arun Jaitley today said the demonetisation of Rs 500/1,000 notes led to the formalisation of the economy, more tax collection and...
IMF asks India to consider simpler GST rate structure
Washington | The IMF today described the Goods and Services Tax (GST) as a “milestone reform” in India’s tax policy, but pushed for a simplified structure,...
No pure GST on petrol, diesel; 28% tax plus VAT on anvil under GST
by News Desk
A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely...