The Chief Minister Manohar Lal Khattar-led Haryana government on May 21 said it has prepared a draft policy to develop the state into a start-up hub by supporting new-age innovators and entrepreneurial talents. The policy aims at facilitating a minimum venture capital funding of Rs 200 crore, and…
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Disparity in GST worries match industry
The long wait for the Goods and Services Tax (GST), which was introduced by the Centre recently, has disappointed producers of safety matches. There was much anticipation that the different categories in production would be brought on the same platform under a uniform system of taxation. But the …
Small e-Comm vendors will have to pay GST upfront
New Delhi: Budget hotels and small-scale vendors registered on e-Commerce sites such as Airbnb, Flipkart and Amazon will have to pay tax upfront under the goods and services tax (GST) regime when they receive payments, even if they fall in the exempted category. That’s because all vendors r…
Goa IT & start-up policy: Govt to soon roll out fresh policy to support small enterprises
Goa lags behind in the IT sector by at least a decade-and-a-half. The government has decided to set things right and is likely to amend the existing policy and come up with a new start-up policy separately. The recent IT and start-up policy of Goa is barely 18 months old and it is likely to [&hel…
Betting on small enterprise, Bihar’s migrants are returning
Over the last 10 years, the bazaar at Udhwantnagar has undergone major changes. Walk down the market, from the village school in the north to the block office in the south, and you see two kinds of establishments. One kind has been around for a long time – farm equipment workshop, grocery, confec…
Amit Shah unveils 12-feet tall Charkha & inaugurates heritage museum in Delhi
New Delhi: BJP President Amit Shah has unveiled a 12-feet tall and 25-feet long steel Charkha and inaugurated a heritage Charkha Museum at Palika Bazar Park in Connaught Place here. Undeterred by heavy downpour just before the programme was about the start, which partially washed out the arrange…
F&B sector terms processed food rates fixed by GST Council detrimental
The food and beverage industry has called rates for processed food and beverages fixed by the Goods and Service Tax (GST) Council detrimental to the growth of the industry and sought a review of the rates. Industry insiders stated that most of the proposed rates were in contradiction of the rates…
GST Council’s next step: Ensuring tax benefits are passed on to consumers
New Delhi: After having fixed the rates of the goods and services tax (GST) on almost all commodities and services, the powerful federal tax body GST Council is trying to ensure that businesses pass on any tax reduction benefit to consumers when the new indirect tax regime comes into force on 1 J…
‘GST to reshape Indian start-ups; Bringing discipline in businesses from day 1’
The much awaited biggest and boldest tax reform is set to be rolled out from 1st July 2017. The government has proposed a four slab structure, while the exhaustive list of goods that need to be taxed is in the process of finalisation. GST is another bold step that fortifies the Ease of Doing Busi…
GST will be a tough job, but not for the reasons you think!
Are you a businessman? If you are, then it’s statistically likely that you cheat on taxes. From the roads you drive on to the army that defends you, your share is partly paid for by others, mostly by salary-earners who can afford it less than you can. Don’t get offended but the fact i…