A smartphone currently attracts 2 percent central excise duty and VAT, which vary from state to state (5 percent to 15 percent).
Easy system liquidity is necessary to minimise the magnitude of such disruption and to absorb the sudden changes in requirement of short-term finance
Besides the jail term, the court also imposed a fine of Rs one lakh each on the three convicts.
Banks have been reluctant to resolve NPAs through settlement schemes or sell bad loans with hair cut to asset reconstruction companies for fear of 3Cs -- CBI, CAG and CVC.
While products like kerosene, naphtha and LPG will be under the ambit of GST, five items — crude oil, natural gas, aviation fuel, diesel and petrol — have been excluded from the basket for the initial years.
Behind this revamping of the state’s milk production, processing and distribution business, there are obviously some very canny political objectives in mind.
At 28 percent, cinema halls will be clubbed in the same tax bracket of gambling/betting, five star hotels and casinos under GST
Now that March-deadline for the RBI has passed, have banks reported all of their NPAs keeping to the central bank deadline?
Konkan Railway has tied up with broadband and internet service provider Joister to provide Wi-Fi facility at its stations.
The Saudi economy has been severely damaged by low oil prices, and policy makers are trying to diversify into new industries.
The IT industry body paid a total amount of US $1,50,000 (nearly Rs 1 crore) to its two registered lobbyists in the first quarter of 2017.
Adhia's comments come amid calls from some experts and a section of the industry for deferring the GST roll-out to September-October instead from July 1.
Inflation will fall by two percent on implementation of the goods and services tax (GST) and will create buoyancy in the economy, Revenue Secretary Hasmukh Adhia has said.
Exporters have been demanding <em>ab-initio </em>exemption from payment of taxes under the GST regime arguing that delay in refunds often takes months.
Any index is created based on a basket of goods which exists at a point of time, which is taken to be the base year, and then is tracked either in quantity terms (IIP) or prices (WPI) over a period of time.
While some have supported the multiple rate structure for services some others have criticised it
We have happily created a GST regime with a taxation structure that is highest in the democratic world. Here's a brief comparison
Finance Minister Arun Jaitley also played down concerns that higher headline rates would inflate the tax burden on consumers
Credit rating agencies made their advent to aid small investors and others who do not have the wherewithal to carry out their own credit risk assessment.
The GST Act includes the provision of setting up an anti-profiteering authority to ensure that companies pass on the benefit of tax reduction to customers.
The announcement is in line with the government's aim to make flying affordable for the masses.
Any doubts whether 1 July rollout of GST is possible has been put to rest. With the major challenge of rate fitment done, the biggest tax reform is set to meet the deadline
At present hybrid vehicles attract excise duty of 12.5 percent, similar to the ones on entry level small cars
Debt ridden telecom players, looking for a bail out package, expressed disappointment with the 18 percent GST rate
Transport services will be taxed at 5 percent. This rate will apply to cab aggregators like Ola and Uber as well
An excellent case study for the Modi-government to find out what is wrong with the sarakri banks that private lenders have cracked
The MPC and RBI waiting for the rate structure to chart their future roadmap on inflation battle
The 216-page CAG report said the necessity for filing and approval of a mining plan was ignored in the cases of 58 lessees.
The RBI had constituted an internal working group before coming out with the draft guidelines, which were put in public domain for comments in October last year.
Milk and cereals will be among the exempted category, Revenue secretary Hasmukh Adhia said