Oct 14, 2019-Monday

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Monday, Oct 14, 2019
news about Services tax
Oct 07, 2019 04:19
If any state implements prohibition, it will have to forego the excise revenue from sale of alcoholic beverages read more
Sep 24, 2019 20:45
There are positives. But India needs to do more on education, tech, exports, informal sector and farming read more
Sep 20, 2019 21:16
It will potentially leave investors with more money, make firms competitive, and boost consumption read more
Sep 19, 2019 02:01
The interest levied could be 18% for the first three months and 24% thereafter. The government will charge the interest on the net GST amount and not on the gross amount as has been the case so far. read more
Sep 18, 2019 23:59
No GST is charged on room tariffs below Rs1,000 per day. A 12% tax is levied on tariffs above Rs1,000 but below Rs2,500. An 18% tax is levied on room tariffs between Rs2,500 and 7,500. Rroom rents above Rs7,500 fall in the 28% tax slab. read more
Sep 14, 2019 11:11
The GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and Union Territories (UTs), is scheduled to meet on September 20 in Goa amidst a clamour for a cut in tax rates from various industries... read more
Sep 13, 2019 23:50
Global trade and tax wars are having an impact on the Indian economy, and growth has slumped to a more than six-year low. In order to alleviate the situation, the finance minister, in her recent interactions, has highlighted 32 action points which the... read more
Sep 13, 2019 01:33
There is a general consensus that GST has reduced the overall tax incidence in most cases and also brought greater efficiencies to the supply chain. read more
Sep 12, 2019 14:38
Congress’s Manmohan Singh said that the very first step before implementing the five reform measures is to accept that the country is facing an economic crisis read more
Sep 02, 2019 14:30
India’s GDP growth plummeted to 5% in the first quarter of the current fiscal year. This is the lowest in 25 quarters. This is only the second instance of growth rate falling for five consecutive quarters since 1999. read more
Sep 02, 2019 13:06
A four percentage point shortfall in this figure for the entire year, if it happens, will mean a big shortfall in tax collections. This also means that the government will find it very difficult to spend what it has committed in the budget. read more
Sep 01, 2019 23:36
The senior Congress leader was reacting to the 5% Gross Domestic Product (GDP) growth in the April-June quarter, the slowest in more than six years. read more
Sep 01, 2019 07:42
The June quarter is not an aberration. India’s GDP growth rate has been slowing for five consecutive quarters now. This is only the second instance since December 1999 that the GDP growth rate has fallen for five straight quarters. read more
Aug 29, 2019 12:45
Javadekar added that people might not understand economics, but they believe that India will be able to achieve its goal of $5 trillion economy by 2025. read more