Exporters should assess the challenges which they have come across during the last two months at ground level.
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Tag: ITC
GST for SMEs: Four advantages & four concerns
Goods and Service Tax (GST), a broad indirect taxation regime, is only a few hours away from its rollout, and Small and Medium Enterprises (SME) will be the ones most directly impacted by GST implementation. Its impact will be constructive as well as unfavourable in ways more than one. It will br…
बिहार: बिहार में फूड पार्क लगाएगी आईटीसी!
एफएमसीजी क्षेत्र की दिग्गज कंपनी आईटीसी ने बिहार में निवेश करने में दिलचस्पी दिखाई है। कंपनी पटना के आस-पास एक फूड पार्क स्थापित करना चाहती है। इसके लिए कंपनी इस वक्त राज्य सरकार के साथ शुरुआती स्तर पर बातचीत भी कर रही है। राज्य सरकार के अधिकारियों के मुताबिक बिहार में कृषि उत्पादों की प्रचुरता […
Industry now gets 90 days to claim credit for GST transition stock
Traders and retailers can file declarations within 90 days claiming tax credit for transition stock after the GST rolls out from July 1. The draft transition rules for the Goods and Services Tax (GST) regime had pegged the time at 60 days. The transition rules approved by the GST Council provides…
GST a seminal reform; May see retrospective changes in GDP: JP Morgan
With the Goods and Services Tax (GST) Council on May 18 fixing tax rates on 1211 items, most of which will likely become cheaper as the new rates will be lower than the current effective levies and the Indian equity market continuing its bull run, it is a crucial time for the economy and markets.…
Logistics firm BlackBuck raises $70mn from Sands, Accel, others
Bengaluru: Truck aggregator BlackBuck has raised $70 million (Rs 476 crore) from Sands Capital and other existing investors. The company, founded two years ago, has so far raised $100 million and has more than a lakh trucks on the platform. The Bengaluru-based company, founded by logistics profes…
GST rate: In surprise move, polyester makers seek higher imposts
It’s not that a tax waiver or a low rate of tax is everyone’s choice. The input tax credit (ITC) facility, which will be the hallmark of the proposed goods and services tax (GST), has several industrial segments pitching against their potential exclusion from the tax regime while some other askin…
Textile industry awaits GST rate
The textile industry is watching to see what the final rate of tax under the proposed goods and service tax (GST) regime would be. This is because of the tax implications the new law will have on major input goods going into the textile production process such as cotton and man-made fibres. Accor…
J&K govt to construct ITC to boost handicraft sector
To rejuvenate and boost the handicraft and horticulture sector, Jammu and Kashmir government July 30 approved construction of International Trade Centre (ITC) in Pulwama district at an estimated cost of Rs 47.92 crore. “This prestigious project shall come up on an area of 371 kanals (18.55 …
OfBusiness racks up $5m series A round
OfBusiness, a three-month-old online marketplace for business-to-business (B2B) commerce, has raised $5 million in its first round of funding led by Matrix Partners India. The fund-raising comes at a time when the size of series A cheques is shrinking after the highs of last year. Ola’s Co-…