Investors are in for a surprise when the September quarter results are declared. This will be the first earnings season post-goods and services tax (GST) and differences in how sales will be recorded now are likely to distort reported growth figures. Companies have cautioned about this in their analyst meets ... Read More »
A panel of the goods and services tax (GST) council, which is authorized to take emergency decisions, on Monday decided to extend the deadline for filing detailed indirect tax returns for July, giving taxpayers extra time for compliance. Businesses and traders have to file detailed returns for their transactions in ... Read More »
New Delhi: Questions on Goods and Services Tax (GST), benami transactions and schemes run by the Central government were asked in the Union Public Service Commission (UPSC) civil services preliminary examination held on Sunday. The aspirants were also asked questions related to National Skills Qualification Framework (NSQF), Vidyanjali Yojana and ... Read More »
ITC shares gained over 6 per cent to a fresh 52-week high of Rs. 304.80 on the National Stock Exchange on Monday. Including today’s gains, ITC shares have surged nearly 10 per cent in two trading sessions. ITC shares have witnessed buying after the Goods and Services Tax or GST ... Read More »
The announcement of the 2016 budget pushed the real estate market of Pakistan into gloom since it was accompanied by a new property tax intended to bring black money into the tax-net. The heightened enthusiasm generated by the country’s property market in the two years preceding the 2016 budget was ... Read More »
Arvind Subramanian says the Indian economy, as far as macroeconomic condition is concerned, is very stable. As the country comes to terms with the demonetisation of Rs. 1,000 and old Rs. 500 notes, Chief Economic Adviser Arvind Subramanian spoke at an ASSOCHAM event. Excerpts from the press conference >> It’s ... Read More »
Finance ministry and state finance ministry officials gathered in New Delhi on Tuesday for a three-day meeting that will seek to finalise the main rate of the Goods and Services Tax and pave the way for its introduction next April. The long-delayed tax, which would transform Asia’s third-largest economy into ... Read More »
Within days of India signing the Paris Climate Treaty, Finance Minister Arun Jaitleyon Friday said tax on environment unfriendly products will be ‘distinct’ from others in the forthcoming GST regime so as to boost funds for climate financing. “The indirect tax regime that we are planning, the rate of taxation ... Read More »
NEW DELHI: Petroleumproducts, including crude and some intermediate products, could be taxed under the proposed goods and services tax (GST), a move that will reduce the imperfections in the new levy and also narrow the inflationary impact of the tax. A proposal favouring imposition of a modest tax on these ... Read More »
Arunachal Pradesh on Thursday ratified the Goods and Service Tax (GST) Bill to simplify the taxation by implementing single tax rates across the country. Deputy Chief Minister Chowna Mein, who also holds the Finance portfolio, moved the resolution for ratification of the Constitution (One Hundred and Twenty Second Amendment) Bill ... Read More »
The Goods and Services Tax Network, the information technology backbone that will implement the new indirect tax regime, will become a data analytics powerhouse in the months after the roll-out. “Once sufficient amount of data is generated, we will be able to generate analytics based on the requirements of various ... Read More »
One of the key beneficiary of the goods and services tax, which got Rajya Sabha approval could have a positive impact on the real estate sector, believe experts. They see it as a tax reform which would bring in change for the sector in terms of transparency and cost, driving ... Read More »
