Evasion of GST by dealers cause revenue dip: Sushil Kumar Modi

Jan 17 2018

GST evasion by dealers by suppressing turnover has caused a revenue slump under the composition scheme in the last two months, GST network panel head Sushil Modi said.

Assocham seeks higher outlay for education in Budget

Jan 17 2018

Assocham has sought enhanced outlay for education in the upcoming Budget and pitched for exempting higher education from GST.

India's gold imports rise 53 percent to 846 tonnes

Jan 17 2018

India's gold imports rose 53% to 846 tonnes last year on strong domestic demand and lower global prices, according to MMTC-PAMP India.

Volvo Group India looks at CAGR of 10 to 15% in next 7-10 yrs

Jan 17 2018

"The last two years have been phenomenal for us; we have grown by 40 percent in our top line and also in rofits, which is very good," Bali said.

Bring petroleum and natural gas products under GST: CII

Jan 16 2018

Industry body Confederation of Indian Industry (CII) sought the inclusion of petroleum and natural gas products under the unified indirect tax regime GST at the earliest.

10 states join e-way bill platform; GSTN starts trial run

Jan 16 2018

As many as 6 more states, including Gujarat and Haryana joined the govt's centralised e-way bill system for inter-state road transportation of goods in the GST regime.

Real estate sector likely to come under GST from April 1: Expert

Jan 16 2018

To enhance transparency in property transactions, the GST Council is expected to bring the real estate sector under the purview of the unified indirect tax regime.

Biscuit manufacturers call for lower GST, demand 5-12% rate

Jan 16 2018

IBMA said consumers of biscuit belong predominantly to the poorer segment and will hurt the 2.5 cr employment created by the industry.

Decision on bringing real estate under GST likely on Jan 18

Jan 16 2018

The GST Council is slated to consider bringing in real estate under the purview of the nationwide, unified indirect tax regime.

PM promises more reforms, invites Israeli biz to invest

Jan 15 2018

Prime Minister Narendra Modi promised more economic reforms to further improve the ease of doing business in India as he invited Israeli companies to invest.

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