All digital payment transactions are tracked, thus the requirement of taking PAN and KYC documents for issuing prepaid cards could be reconsidered
Simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, CII said
Government will unveil its budget for the 2018/19 fiscal year on Thursday, with investors expecting increased investment in key areas such as agriculture, and a slew of incentives for businesses.
Value added tax (VAT) principle should apply to stamp duty on immovable properties
Consumer durables and home appliances makers like Godrej Appliances, Panasonic, Philips Lighting and Intex want the government to lower taxes, give incentives to local manufacturing and increase customs duty on imports
Budget for 2018-19 could promote electric vehicles; Centre may lower GST and pass benefits to buyers
The announcement is expected in view of the government's aim to have 100 percent electric vehicles for public mobility by 2030.
Oil and gas industry wants inclusion of natural gas in the Goods and Services Tax (GST) regime at the earliest to boost the use of environment friendly fuel and help transition to a gas-based economy
If rendering noble services can beget one income tax exemption, there could other claimants for this honour
Consumer durables and home appliances makers have asked the government to double custom duty to 20 percent on imported products such as washing machines, refrigerators and air conditioners to encourage domestic manufacturing.
Giving national priority status to healthcare and adoption of universal health insurance are some of the important steps required to boost healthcare delivery in the country, Apollo Hospitals said.
Stating that taxes on luxury vehicles in India are among the highest in the world, JLR India President and Managing Director Rohit Suri said this has restricted volumes growth thereby preventing companies from assembling more models here
India’s economy won’t significantly benefit from the GST until after next fiscal year, according to a slim majority of economists polled by Reuters, but almost half said rewards might come sooner
Less than expected revenue collections from GST has put the government in a tight spot and the budget math this year will be a tricky affair
Absence of a standard deduction puts the salaried taxpayers at a disadvantage particularly when the inflation is all pervasive in the economy
Industry body Assocham has sought enhanced outlay for education in the upcoming Budget and pitched for exempting higher education from the Goods and Services Tax
In the run up to the budget, retailers have asked the government to simplify GST system and grant industry status to the sector for easier access to finance and attract more investments.
Anuj Puri said although government has taken proactive stance towards cleaning up and regulating the real estate sector, there are still several policy-related pain points where the upcoming Union Budget can make a decisive difference
Budget 2018: Housing sector eyes lower taxes, infra status to overcome impact of GST, RERA and demonetisation
Severely impacted by various reforms like RERA, GST, and demonetisation, the realty sector is pinning its hopes on Union Budget 2018-19 for relief measures like lower taxes and infrastructure status
Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake
The additional spending, if directed to kickstart economic engines, can work well to regain the growth momentum, even at the cost of a one-off fiscal slippage
A not-for-profit organisation has pitched for stern action against those builders who are "enriching themselves" under the "guise of GST" causing loss to homebuyers