GST will make SSIs noncompetitive, pave the way for Chinese onslaught, says SJM
As per the notification, interest at 18% is to be paid for delayed payment of tax,
Business with less than Rs 75 lakh can opt for a 'composition scheme' for concessional tax rates
PMO was asked through an RTI query, to provide a copy of the minutes of GST meeting held on June 5
The merchants will decide on extending the stir after GST Council's last meeting on June 30
Consumer-centric UP, a major importer from other states, is likely to be net tax gainer post rollout
GST war room is an important element in the government's launch effort
The June 30 midnight event is a function and therefore not mandatory for members to attend
Here's how the Indian GST compares with its counterparts in Asia
But disruption in July looms large as inventory thins and there are prospects of price hikes
Regulator takes pre-emptive action for 761 essential medicines
The talk among businessmen is about how to cope in the aftermath of the GST rollout.
Only 2% value addition takes place in printed circuit board assembly
He says it is remarkable that a consensus has been reached between central govt and 29 states
Panipat is the biggest centre for shoddy yarn in the world
There is mutual invoice matching which ensures reason why GST was brought in first place, says Adhia
Inspite of weak demand ahead of new season, rough and polished diamond prices have jumped by 2 - 5 per cent across all varieties in the last three weeks.Diamond processing activity in India had gone down early this year which revived later with the positive outlook on Indian economy. Also, wedding season demand coupled with the stagnant gold prices boosted jewellery demand from local consumers.Normally, jewellery demand season ends with the closure of wedding dates probably by May 31. Rural demand which consists of around two-third of India's jewellery consumption, also fades with the onset of the monsoon rainfall as farmers move to buy seeds and fertilizers for sowing kharif crops. But, consumers continued buying ahead of Goods and Services Tax (GST) roll out which fears to make jewellery costlier."The domestic demand of rough and polished diamond has been fairly good in the last few weeks. Hence, the prices of both rough and polished diamonds have risen by 2-5 per cent across all ...
Officers from various departments including from finance ministry to be part of rehearsal event
US President heaped praise on Modi for reforms and accomplishments in economic sphere
At present, many loose food items like wheat, pulses attract 3-4 per cent value added tax