Meeting in Guwahati on November 10 likely to look into issues related to construction, which needs to be “restructured”. Issues related to infrastructure will also be addressed
Commenting on the twin data on industrial output and price situation, he said that the benign and moderate inflation has become the order of the day.
Echoing views expressed by Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas earlier, Reddy said state governments should reduce their VAT on the fossil fuel.
A decision in this regard is likely be part of the state's budget for 2017-18, which is planned for the first week of January, reports Mint.
The government is conducting a survey to understand the reasons behind lower-than-expected return filing
According to the PVR Chairman, while smaller movies can get released on new digital platforms, the big banner productions will continue to need big screens
`We don’t want to give people the liberty that they have an option to not file returns. We need to have some amount of discipline in compliance’
In a letter to Jaitley, Sisodia said if real estate comes under the new indirect tax regime, exorbitant hike in land prices could be checked and the flow of black money curbed.
Deputy Director Asia Pacific Department of IMF, Kenneth Kang, said the favorable outlook for Asia was an important opportunity for India to push forward with difficult reforms
The Central Board of Excise and Customs (CBEC) said it has asked exporters to align their bank account details declared to the customs with that of GST regime.
In first public appearance at the IMF headquarters here after his arrival in the city, Jaitley echoed International Monetary Fund Managing Director Christine Lagarde and World Bank President Jim Yong Kim, who have said that the world is experiencing a strong economic recovery.
The industry seeks reversal of compensation cess on cars which was hiked between 2 percent and 7 percent in September.
The matter will be discussed in the next meeting of the GST, which will be held on November 9 in Guwahati.
This is lower than 54.78 lakh initial returns for July filed in GSTR-3B form.
Residential launches decline but demand for commercial office space and retail properties continues to drive fund flows.
जीएसटी रिफार्म का मूल आधार डिजिटाइजेशन है। डिजिटाइजेशन एक क्रांतिकारी आइडिया है जिसके जरिए सभी छोटे और मध्यम कारोबारी टेक्नोलॉजी के उपयोग करते हुए अपनी कार्यक्षमता और कारोबार का विकास कर सकते हैं।
"At present, the negative effects of GST among the small businessmen outweigh the positive vibes. We hope that the norms and guidelines will be simplified further to help these entities to file returns and claim input tax credit," MD of Bengaluru-based Tally Solutions, Bharat Goenka, told reporters here today.
In a circular, the home ministry said the revised cash management system, formulated by the Ministry of Finance, has to be followed in view of the changes in tax receipt under the GST regime.
The government is considering ways to revive the economy after growth fell to its slowest pace in three years in the three months to June.
An extended timeline to meet the capital needs under the norms would provide the necessary breather to banks to lend more while they grapple with several issues, it said.
It is unlikely that the government would want to tinker with the GST structure and introduce any slab higher than 28 percent. But if it decides to bring it under GST, it will be at a huge cost.
India's nationwide GST taxed bunker fuel sales at 18 percent when it was implemented on July 1. The GST replaced state value-added taxes that were typically between zero and 5 percent.
The latest results are critical for investors, marking the first quarter since the rollout of a national goods and services tax (GST) on July 1 and coming amid a wider retreat in share markets on investor concern about stocks being overvalued.
Nearly all deepsea drilling rigs are imported while a bulk of ones used in shallow waters to drill wells to probe and produce oil and gas are also of foreign origin.