Business News

Editor's Pick

Tata plans take off with debt-loaded Air India

Reports indicate the group held talks to buy controlling stake as government looks to divest the beleaguered airline

published : 22 Jun 2017

E-way bills defeat the GST spirit: Courier companies

Express logistics players says that the extra aperwork and processes is contrary to the spirit of the tax reform and threatens the industry's survival.

published : 21 Jun 2017

Farm loan waivers, Uday bonds to impact state finances: SBI research report

Policies like farm loan waivers are impacting asset quality of the agricultural sector and is also expected to affect state finances adversely, says a report.

published : 21 Jun 2017

States sans Jammu and Kashmir pass SGST Act for July 1 rollout

While Kerala and West Bengal have issued an ordinance to approve the SGST Act, all other states and UTs have passed it in their respective legislative assemblies.

published : 21 Jun 2017

Cost for private healthcare providers may go up post GST

Private healthcare sector can absorb up to two per cent rise in cost due to goods and services tax (GST) but anything above that may be passed on to patients, said Prathap Reddy, founder chairman of A

published : 21 Jun 2017

Government notifies 18 sections, two rules for GST

As many as 18 sections relating to registration of current central excise, service tax and VAT payers with the GST-Network (GSTN) as well as transitional provisions were notified today.

published : 20 Jun 2017

Amazon ties-up with ClearTax to make e-sellers GST ready

E-commerce giant Amazon has tied up with ClearTax to help sellers on their platform make a seamless transition to the GST regime and help them file their tax returns with ease.

published : 20 Jun 2017

Exempt roads, railways from GST, says Assocham

Infrastructure and transportation like road and railway sectors should be exempted from GST, as projects in this segment witness long gestation period and negative returns, Assocham said.

published : 20 Jun 2017

Delay in GSTN security clearance not to affect GST launch: Finance Minister Arun Jaitley

Finance Minister Arun Jaitley today said GST rollout will not be impacted by any delay in security clearance to GST Network, the IT backbone provider for the new indirect tax system.

published : 20 Jun 2017

Centre rules out farm loan waivers, to stick to fiscal targets

Finance Minister Arun Jaitley today ruled out any waiver of farm loans and said the Centre will adhere to fiscal targets.

published : 20 Jun 2017

Won't blink on GST launch, no excuse for business not being ready: Finance Minister Arun Jaitley

All Lok Sabha and Rajya Sabha Members of Parliament have been invited for the event as also chief ministers and state finance ministers, Jaitley said.

published : 20 Jun 2017

GST revision after three months, blow to synthetic segment: SIMA

The decision to consider a Goods and Service Tax (GST) revision for the decentralized garment segment, three months after the rollout on July 1, would paralyze the synthetic spinning sector leading to

published : 20 Jun 2017

Don't rush for GSTIN; provisional ID will suffice initially: Hasmukh Adhia

The 15-digit provisional ID would work as the Goods and Services Taxpayer Identification Number (GSTIN) for the first initial few months, Revenue Secretary Hasmukh Adhia said.

published : 19 Jun 2017

India’s GST in line with global trends

After 26-years of debate over its potential merit and shortcomings, India is scheduled to combine more than a dozen levies into ‘one nation, one tax’ on July 1.

published : 19 Jun 2017

Defer GST rollout as IT network not ready: Assocham to Finance Minister Arun Jaitley

Assocham said existing assessees have not yet migrated to the GSTN portal due to reasons like non-familiarity with IT tools as well as registration process. It cited server maintenance issues too.  

published : 17 Jun 2017