"EEPC compliments the commerce ministry for a pragmatic mid-term review of the Foreign Trade Policy with the objective of improving ease of doing business for the exporters," EEPC chairman T S Bhasin said in a statement.
Around 39 percent of startups said that they received one or more income tax notices this year
In the first four months of the Goods and Services Tax (GST), over 3 crore returns have been filed on the GST Network (GSTN) portal, with 80 lakh alone being filed in November. Speaking to PTI, Pandey said the return filing on the portal has been increasing by 5 lakh every month on an incremental basis and expressed hope that the new leadership at Infosys would carry the momentum forward.
The FTP review, to be unveiled later today, may accord special priority to improving logistics for trade to help bring down the costs, sources told PTI.
According to data shared by CITI, the import rose during July, August and October, but September figures were not available.
Behera said the state has collected Rs 3735.14 crore as GST from July to October 2017 which is about 2.3 percent more than the corresponding period of the last fiscal.
The GST slab for fans was reduced from 28 per cent to 18 per cent, thus 50 Watt fans will now be available at Rs 1,110 only, it said in a statement.
"The Union Government is not releasing Rs 3500 crore share of Punjab from GST, which has been adversely impacting the social welfare schemes of the state government," Jakhar said in a statement.
The Central Board of Excise and Customs (CBEC) had last month started refunds for exporters of goods who have paid IGST and have claimed refund based on shipping bill by filling up Table 6A.
Yesterday when the GDP numbers came out, the Chief Economic Statistician TCA Anant said that since GST is not stabilised there might be an upward revision in the numbers going ahead. To discuss that in detail, CNBC-TV18's Ronojoy Banerjee caught up with the man himself.
The filing of returns by exporters has increased to 3,000 a day from 900 about a week before.
"After demonetisation, there was small lull for a small period as nobody knew actually what was going to happen. Then GST was implemented. Agents should have knowledge of taxation and all. Lot of people did not book holidays. Now, it is stabilising. GST is working out better for us," IITM director Surinder Hakhu told PTI here.
At a media briefing, he also recalled his party's unprecedented win in Uttar Pradesh and Uttarakhand assembly polls following the demonetisation decision and noted that it had swept "trading hubs" in UP to underline popular support to note ban.
"GST has made doing business and trade very easy. The market size for every trader has grown. Now whole country is his market," Jaitley said while responding to questions regarding the second quarter economic growth estimates.
For the moment, "we must celebrate uptick in the economy", Kumar further said. "We have now started rising again. The economy has come out of the woods and taken two huge reforms (demonetisation and GST) in its stride.
Responding to improving demand, manufacturers cranked up output for the fourth month in a row, and hired new workers at the fastest pace in five years.
The saffron party is set to project the growth figure in the Gujarat poll campaign as an evidence of a strong economy under Modi at a time when the Congress has sought to use the Goods and Services Tax (GST) glitches and demonetisation as a plank against it.
Data showed that the GST-induced supply shock may have eased considerably, helping a rebound in the broader economy.
Currently, electricity at the consumer end or at discom end does not attract any GST and therefore the last leg of consumption of GST is with the generator. The paper was released by Power Minister R K Singh at an 'Assocham Round Table Discussion on Hydro Power in India', here last evening.
"India has standardised itself ordinarily for a growth rate between 7 to 8 per cent. If it slows down, it is more towards 7 and if it paces up it is more towards 8 per cent growth. It's already close to USD 2.5 trillion economy in terms of GDP," he said while delivering a lecture here.
The Saurashtra region, which goes to polls on December 9, sends 48 lawmakers to the 182-member Gujarat Assembly. The BJP had won 32 seats from the region in the 2012 state polls.
The Central Statistics Office (CSO) will release gross domestic product (GDP) growth estimates for the second quarter (July-September) of 2017-18 at 5.30 pm today.
"So, it certainly began before. It's quite possible that these two steps (demonetisation and GST) reinforced the deceleration...I think we will soon come out from these two policy experiments and get back to the growth path," he said.
At a meeting here, all major retailers, "including Flipkart India Ltd, readymade, optical and jewellery dealers and supermarkets among others, in twin cities were impressed upon the need to pass on the benefit to the consumers where ever there is tax reduction under GST Act," the Commissioner of State Tax said in a release here.
In a stinging rebuttal to Gandhi's repeated criticism of the Goods and Services Tax, a key economic reform of the NDA government, Modi said a recently emerged "economist" was propagating a "grand stupid thought" by suggesting that GST rate be capped at 18 per cent.