Mumbai: Startups and unlisted subsidiaries of some major Indian companies and multinationals find themselves in the crosshairs of the income tax department for raising funds through preference shares in excess of what it considers the fair market value. The inv…
Tag: PwC
GST Impact: SMEs still working hard to sort out teething troubles
Large percentage of businesses not in position to comply with GST ahead of Aug 20 deadline for filing self-assessed returns, says GSTN Chairman
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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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Afraid of GST, retailers are limiting their purchases
Afraid of possible losses after the July implementation of goods and services tax (GST), many small retailers and wholesalers have limited the quantity of products they buy from consumer goods companies. The fear is a result of the worry that once GST gets implemented, it would apply on the goods…
फिक्की-पीडब्ल्यूसी रणनीति एवं सर्वेः भारत का मैन्युफैक्चरिंग बैरोमीटर आशावाद के माहौल को दर्शाता है!
नई दिल्ली, 25 अप्रैल, 2017: पिछले वर्षों की तरह इस साल भी भारत अर्थव्यवस्था का चमकीला बिंदु बना हुआ है, कई साहसी लेकिन अवरोधक सुधारों के बावजूद। चौथे फिक्की-पीडब्ल्यूसी स्ट्रेटजी एंड इंडिया मैन्युफैक्चरिंग बैरोमीटर (आइएमबी) सर्वे से यह खुलासा हुआ है। संयुक्त राष्ट्र के अनुसार साल 2016 में विश्व अ…
Are 3 months enough for industry to prepare for GST, ask experts
The Finance Minister Arun Jaitley-headed GST council on March 16 cleared drafts of the State GST Bill and the UT GST Bill marking a big step forward in India’s plans for a countrywide rollout of Goods and Services Tax (GST) from July 1. The progress made towards rolling out the Goods and Service…
Budget 2017: Steps in Budget will infuse more cash flow for MSMEs
The government steered clear of a bold reform step of cutting the corporate tax rate and removing a range of exemptions. Instead, it proposed to reduce the income-tax rate for micro, small and medium enterprises to 25% from 30% previously. It also allowed credit for minimum alternate tax to be ca…
Budget 2017: Tax window extension for start-ups just an eyewash, say experts
Finance Minister Arun Jaitley on February 1 announced that small and medium enterprises in the country with a turnover of less than Rs 50 crore will now be taxed at a flat rate of 25 percent. The move is likely to positively impact 96 percent of businesses in India. Earlier, the SMEs were being t…
GST rollout looks unlikely by April 1, 2017
New Delhi: The Centre and states failed to approve the GST laws on December and agreed to meet on December 22 and 23 to hammer out a consensus, dashing hopes that the crucial bills would be introduced in the ongoing winter session of Parliament and making it tough to meet the April 1rollout date …
Mid-sized consumer companies to benefit from consumption boom: Report
The Indian consumer market, driven by increasing disposable incomes and a favourable demographic shift towards a majority working population, is opening up significant opportunities for several mid-sized consumer companies, a report said. “There has been spectacular growth in this segment (mid-si…