Tax System

GST roll out: West Bengal to write to Centre seeking deferment citing unprepared traders

Reiterating that small and medium-sized traders in the country were not prepared for the Goods and Services Tax, the West Bengal government has decided to write to the Centre again requesting for postponement of the roll out of the new tax system on 1 July.

Online hiring activity sees a sluggish 7% rise in May, says Monster.com

Monster Employment Index India stood at 258, registering a 7 percent increase over the corresponding period last year

Bring petroleum products under GST; why destroy an architecture after creating it, asks Haseeb Drabu

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.

Buffett to US Republicans: if you pay, so will I

The idea stems from a New York Times opinion piece Buffett wrote last August in which he said the rich ought to pay more taxes.