Nov 13, 2019-Wednesday

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Wednesday, Nov 13, 2019

Services tax

Nov 12, 2019 18:20
There is a way out. Focus on the informal sector and rural incomes read more
Nov 01, 2019 15:39
This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark, despite October being a festive month. Revenue collection from GST in September stood at Rs 91,916 crore. read more
Oct 20, 2019 17:10
In addition to the current invoices which are generated on the companies’ enterprise resource planning (ERP), the new system would also require automatic uploading of the data on government systems. read more
Oct 15, 2019 19:48
The scheme needs a higher budget. Finance it by rationalising the regressive subsidy regime read more
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