The roll out of the biggest tax reform since Independence has been "relatively smooth" with multi-layer monitoring and officers of the tax department have been working overtime to weed out major bottlenecks in the implementation
Exchange offers on mobiles, televisions and refrigerators are going to attract a goods and services tax (GST) on the original price of the product and the reduction in the newer product will not be considered, reports Mint.
"It is heartening that the leather industry in the state produces goods worth Rs 13,000 crore and we look forward to the industry reaching a target of Rs 15,000 crore within two years," Mitra said while inaugurating the Kolkata edition of India International Leather Fair (IILF).
The data migration in the country began in November, a state government release said.
The railways earned Rs 79,475.42 crore up to September 2016 as against Rs 76,268.91 crore for the corresponding period last year, a decline of 4.04 per cent, Minister of State for Railways Rajen Gohain said in reply to a written question.
"Aerated drinks are not 'luxury' goods. Aerated drinks cater to the average hydration needs of Indians in the form of immediately-available hygienic and safe drink source," Indian Beverage Association (IBA) said in a statement.
The goods and services tax (GST) council on Thursday decided on four tier structure at 5, 12, 18 and 28 percent. While the division of items into slabs is yet to be done, it will remove the practice of one single tax rate for all goods and services.
Platinum was trading above USD 940 an ounce on Tuesday, up from an eight-month low hit the previous day, and it still remains up about 6 percent for the year so far. The drop-off in prices over the two months since Aug. 12 has widened platinum's discount to gold to the most since June.
It is likely that the Centre could propose a four-tier tax structure under the Goods and Services Tax. The peak slab could be around 26 percent, reports Business Standard
The producer price index (PPI) rose 0.1 per cent year-on-year in the month, according to the National Bureau of Statistics, adding it "ended 54 consecutive months of year-on-year falls".
Railways have earned Rs 12,413.96 crore in September this year as against the target of Rs 13,961.91 crore for the month, a decrease of 11.09 percent.
Industry body Laghu Udyog Bharti (LUB) today said that Central Public Sectors Units (CPSUs) need to take measures towards achieving the target of 20 per cent procurements from MSMEs.
The Goods and Services Tax (GST), is a comprehensive indirect tax on the sale, manufacture and consumption of different kinds of goods and services throughout India, with all other central and state taxes intended R
In order for companies to take to shipments over water, the government went ahead and said it would offer an incentive of Rs 1 per tonne per kilometer of cargo to them. But freight owners who are more used to roads will have to pay a small price for it.
Finance Ministry on Tuesday released a GST draft law after Arun Jaitley held a meeting with state finance ministers on the stalled GST Bill. Here are a few takeaways from the law.
"China is the biggest and best abuser. Mexico is a smaller version of China," Trump told his cheering supporters in this steel city of Pittsburgh, which is said to be a key swing state for November general elections as he hit out at several countries including Japan, Germany, Saudi Arabia and Iran.
Contraction in prices is estimated to be lesser on the back of hardening food inflation, reports CNBC-TV18. The WPI numbers will come at noon.
In a statement, Warner praised Prime Minister Narendra Modi's announcement that India will loosen FDI restrictions in the e-commerce sector and allow foreign companies to sell items directly to Indian consumers over the internet.
The consumer price rise reported today was up from January's 1.8 percent. Food prices surged 7.3 percent, up from the previous month's gain of 4.1 percent.
During the month of February, the freight traffic carried by railways was 89.64 MT, according to Railway Ministry data. The freight carried in February this year is an increase of 2.71 MT over the goods traffic of 86.93 MT carried by railways during the same period last year, showing an increase of 3.12 percent.
Punching holes in the railways' freight management, the Comptroller and Auditor General has found deterioration in the various efficiency parameters causing hindrance in smooth goods train operations and sought streamlining of the monitoring mechanism.
Alibaba did USD 3.1 billion in business in half a day during last year's festival, equivalent to what it sold in the full day in 2012.
India‘s trade is growing and mountains of goods have to be moved from one side of the world to the other, to the most remote corners, to the busiest centers. This is done every day by Maersk Line, the world‘s largest carrier of shipping containers providing a reliable chain supply for traders all over India.
According to the figures released by the US Census Bureau, in 2013 the US exported USD 21.87 billion worth of goods to India, while imported USD 41.82 billion worth of goods, with the over trade being a record USD 63.7 billion.
The Reserve Bank of India said on Monday it has cut the time that exporters have to bring back into the country the value of goods or software they have exported to nine months from 12.