Niti Aayog’s three-year action agenda has the potential to trigger much more economic activity and development in the country than we have today, Finance Minister Arun Jaitley said on August 24. “This publication (three year action agenda) really has the potential for becoming, for those in gover…
Tag: Arun Jaitley
Manufacturers’ body writes to Fin Min as GST remains a worry
The Micro, Small and Medium Enterprises (MSME) sector is yet to solve the issues related to the Goods and Services Tax (GST) even after 50 days since it was implemented, All India Manufacturers’ Organisation (Aimo) said. The sector faced problems on basic issues like filling GSTR-3 B …
Govt extends tax break for industry in hilly states till 2027
Industries in the north eastern and Himalayan states will continue to get tax exemption till March 2027, albeit as refund, under the current GST regime which was rolled out on July 1, Finance Minister Arun Jaitley said. “Within the framework of the GST Act each industry will be entitled…
GST on textile job works cut; e-way bill provisions finalised
e-way bill mechanism likely to come into force by October 1; GST-exempted goods kept out of purview of bill
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Next GST meet to finalise a mechanism to operationalise anti-profiteering clause
New Delhi: The Goods and Services Tax Council will at its next meeting finalise a mechanism to operationalise the anti-profiteering clause which seeks to protect consumers interest, Finance Minister Arun Jaitley told the Lok Sabha on August 1. He said a proper decision would be taken on Air India…
FM releases National Trade Facilitation Action Plan for ease of doing biz
The National Action Plan aims to transform cross border clearance ecosystem by reduction in cargo release time through efficient, transparent, risk based, co-ordinated, digital, seamless and technology driven procedures which are supported by state-of-the-art sea ports, airports and land borders.…
Textile SMEs unaffected by GST rollout: Arun Jaitley
Union Finance Minister Arun Jaitley has said small retailers in textiles sector have not been affected by Goods and Services Tax (GST), while replying to a starred question in Rajya Sabha on July 18 in a written reply. The Finance Minister said that organised players and unorganised sellers are l…
Govt taxes Khadi for first time since independence, traders seek relief
Though Khadi yarn, Gandhi topi, India’s national flag will not attract any tax under the GST regime, other apparels and Khadi products will have 5% -18% GST.
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GST to bring thrust to country’s economy: India Inc
Tax revenues of the government would go up with expanded tax net, and fiscal deficit would remain under control. Further, exports would emerge as more competitive in global markets, while FDI is likely to be encouraged,
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2 years of Mudra: Gains for SMBs, but new businesses struggle amid fears of NPAs
While small businesses appear to be benefiting from the Mudra scheme, the absence of a transaction history acts as a major impediment for new borrowers
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