Infosys, which had won the Rs 1,380 crore deal in 2015 for developing and running GST's back-end, has stepped up efforts to remove outages the system faced during peak tax and return filing period, he said.
Parrikar, in a letter written on October 30 in reply to Shiv Sena's demand to look into the issue, also said that if his government gets any representation from a tiatrist or drama producer, then it would be taken up with the GST Council for consideration.
Gujarat outcome will be taken as a sample of Modi's popularity at the all-India level and may impact short-term market sentiments, JK Jain, Head of Equity Research at Karvy Stock Broking, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
Global direct selling major Amway today batted for reduction of GST rate on food supplements saying prevention of health issues must also be given similar importance as curatives.
Denying claims made by CAIT, Infosys in an email response to Moneycontrol said, “the information you have received is completely inaccurate.”
On the first day of his three-day campaign tour of south Gujarat, Gandhi also hit out at Prime Minister Narendra Modi on the issue of black money and said demonetisation had destroyed the country's economy.
The tool will allow taxpayers to export data of GSTR-2 to an MS-Excel spreadsheet. This will be helpful in comparing this data with purchase register to take actions like accept, reject and modify, GSTN said in a statement.
Targeting Finance Minister Arun Jaitley, Gandhi said the "entire country will shout to say that there is no ease of doing business in India".
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, fell to 50.3 last month from September's 51.2, marking its third month above the 50-point threshold that separates growth from contraction.
"Going forward, GST's incorporation in next year's assessment will provide another significant leap in doing- business rankings for India," Yes Bank managing director Rana Kapoor said in a statement.
In an interview to CNBC-TV18, Haseeb Drabu, Finance Minister of Jammu & Kashmir, along with the best tax experts in the country -- MS Mani, Partner at Deloitte, Pratik Jain, Partner at PwC, Rohan Shah, a Tax Expert, Dinesh Kanabar, CEO at Dhruva Advisors, and Riyaaz Amlani, President of National Restaurant Association of India, discussed on how will the new changes proposed to the tax regime impact your wallet.
The group of ministers, headed by Assam Finance Minister Himanta Biswa Sarma, has in its recommendation to the GST Council on easing compliance burden on small and medium enterprises suggested that the government make it amply clear in the present law that MRP is the maximum price of a product to be sold in retail and charging anything above this is an offence.
Based on current trends, we expect the cement demand to rebound from Q4 FY2018 as against earlier expectations of Q3 FY2018, the same may be positively impacted by the housing segment both affordable and rural housing and; infrastructure segment, mostly road and irrigation projects, rating agency ICRA said in its report here.
Wondering why the government was "celebrating" the first anniversary of note ban on November 8, Gandhi said, "I don't know what is there to celebrate."
The government has announced a Rs 9 lakh crore plan to revive the economy.
The GoM headed by Assam Finance Minister Himanta Biswa Sarma has suggested doing away with the tax rate distinction between AC and non-AC restaurants and tax them at 12 percent
Karnataka Minister for Large, Medium Industries and Infrastructure Development R V Deshpande said some changes are required in the current GST structure as "small traders and businessmen are suffering".
Around 15 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate and makes compliance easy
As per the GST laws, for July-September quarter businesses, with a turnover of up to Rs 75 lakh, opting for composition scheme can file quarterly returns and pay taxes
GSTN Chairman Ajay Bhushan Pandey said about 500 calls a day are made from a full-fledged call centre seeking feedback from businesses which have filed returns
From the start, be its design, concept, and rate structure, the GST in the present form is wrong, Chidamabaram said, adding "this government has cheated the people by bringing the GST bills as a money bill" because they don't have majority in the Rajya Sabha
At a meeting of the Group of Ministers on the functioning of GSTN, it was felt that the focus of the portal should now be on invoice matching done through the filing of GSTR-2, for which the last date is October 31.
All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months (July-August) after GST rollout.
Restaurant chains say that without an input tax credit (ITC), the move to reduce GST rate from 18% to 12% will increase the final bill for customers....