In its third meeting since the implementation of Good and Services Tax, the GST council today delivered a much-awaited relief to taxpayers and India Inc welcomed the outcomes of the meeting. “The decisions will improve compliance,”
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Tag: Chandrajit Banerjee
CII offers suggestions to Indian govt on GST rules
Praising various efforts for successful transition of businesses to the goods and services tax (GST) regime, Confederation of Indian Industry (CII) director general Chandrajit Banerjee has urged the government to extend the provisional input tax credit period by six months from the current two fo…
GST: MSMEs, small firms may get relaxation to file GST returns
The centre is considering the proposal put forward by small firms and filing of GST returns may be made on a quarterly basis.
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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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GST Council gives relaxation of 2 months for filing of GST returns
India’s tryst with its most comprehensive indirect tax reform, the goods and services tax (GST), will begin on July 1. The GST Council, the apex decision body for the new tax, has stuck to the scheduled rollout. GST seeks to bundle state and central levies into one and create a seamless national …
Consolidated SME, corporate data with banks to improve lending: CII
Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…
Demonetisation Effect | Economy grows 7.3% in second quarter, but growth could tank in next quarter
India’s economy expanded at 7.3% in the September quarter, the fastest rate among major economies, but growth could tank at least over the next few months because of the government’s demonetisation drive. The July-September growth rate announced on November 30 is higher than 7.1% registered in th…
CII to focus on Bengal SMEs to spur investment
Industry body CII said it will focus on West Bengal’s Small and Medium Enterprises, which hold the potential to change the state’s investment scenario. “CII will promote ‘Make in India’ with international and domestic roadshows. We will also focus on Bengal. SMEs hol…
Budget 2016 | Quotable Quotes
“Finance Minister spent a considerable amount of time in trying to address the rural distress and the difficulties being faced by the farmers. The emphasis on the budget on various schemes and ideas, which including for instance the linking of the MNREGA scheme to rural challenges, is very signif…