FinMin will from this fiscal shift to cash basis accounting for GST where monthly collections will be reported on the first working day of the following month.
The implementation of e-way bill in Haryana under the Goods and Services Tax has seen a grand success, state Excise and Taxation Minister Abhimanyu said.
"Demand for under-construction properties have reduced considerably in the wake of an effective 12 per cent GST levied on the segment," a report said.
Global investors feel that the Indian "elephant is ready to run" after sustained economic reforms, a top IMF official has said.
The Finance Ministry is examining various issues including overhaul of procurement procedures and the salary structure of employees in convert GSTN into a govt company.
Asserting that the Indian economy turned in a resilient performance in 2017-18, Urjit Patel has said the countrys growth is expected to accelerate next fiscal.
Roadblocks such as delay in GST refunds and note ban after effects hit export prospects in 2017-18 amid a revival in demand mainly US and EU markets, report said.
Prabhu said that the upcoming industrial policy was expected to bring new investment and increase the share of manufacturing in the country's GDP.
He said the launch of GST represented an "historic economic and political achievement, unprecedented in Indian tax and economic reforms.
Pradhan stressed on bringing petroleum products under the GST to provide relief to common people from spurt in fuel prices following surging global crude oil rates.
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co