Dec 06, 2016 at 16:36 | Source: PTI
Qatar's RasGas, the largest LNGexporter to India, today sought inclusion of natural gas inthe Goods and Services Tax (GST) regime to make taxes on thegreen fuel uniform and spare consumers from cascading multiplelevies.
Dec 06, 2016 at 14:12 | Source: PTI
The two day meeting of the heads of Revenue of Brazil, Russia, India, China and South Africa (BRICS) also resolved to support other developing nations in increasing their tax administrations' capacity to implement the OECD/G20 standard on Automatic Exchange of Information (AEOI).
Dec 06, 2016 at 12:55 | Source: CNBC-TV18
The market is not likely to bounce back anytime soon, says Jyotivardhan Jaipuria, Founder & MD of Veda Investment Managers. Recovery, after demonetisation and GST, may be delayed by around 1-2 months. Third quarter earnings are going to be worse than expected, he says.
Dec 06, 2016 at 10:00 | Source: PTI
The licence for Block 2B expired last week and an automatic 5-year extension is available, but Sudan, whose revenues have been hit with a drop in oil prices, wants higher taxes and royalties before it agrees to the same, officials said.
Dec 05, 2016 at 18:58 | Source: PTI
The demand for gold in the remainder of this year is likely to influence India's current account deficit (CAD) in the second half (H2) of the current fiscal, ICRA said in a report here.
Dec 05, 2016 at 18:53 | Source: Moneycontrol.com
Initially, the government was expecting that at least Rs 3 lakh crore of cash in old notes would not be deposited in banks due to fear of scrutiny by tax authorities.
Dec 05, 2016 at 14:53 | Source: CNBC-TV18
Asserting that a delay in the roll-out of Goods and Services Tax is a positive for Indian economy which is battling the impact of demonetisation, Rahul Singh of Ampersand Capital Investment said FII inflows may get hit if April 1, 2017 deadline is missed.
Dec 05, 2016 at 10:24 | Source: CNBC-TV18
Demonetisation, says Drabu, is a separate issue altogether and will not affect the functioning of GST in the country. But he points out the inadequate IT preparedness for GST of the country.
Dec 05, 2016 at 08:08 | Source: PTI
This could have an impact on plans of several American companies that are planning to establish manufacturing base in India to take advantage of the 'Make in India' policies unveiled by the Indian government.
Dec 04, 2016 at 17:40 | Source: PTI
The Finance Ministry today revised upwards black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, which will fetch the government a little over Rs 30,000 crore in direct tax revenue even as it did not take into account two high value disclosures.