Free Press Journal
  • End tax flippancy, we’ll double volume in two years: Merc CEO

    Mumbai : Disappointed over the frequent tinkering with taxes and regulations, luxury car-maker Mercedes-Benz India says it can “easily double the volume and add to the number of jobs” if the taxation approach to the segment turns more conducive and stable. Despite a tough environment, Pune-based Mercedes-Benz was on a roll till September, selling 20 per cent more units in the first nine months of 2017 at 11,869 compared to the year-ago

  • Indore: Anti-profiteering application form of GST regime launched

    Indore: The Central Board of Excise and Customs (CBEC) released anti-profiteering application on Friday. Any customer can approach anti-profiteering committee with complaint of high price. The Anti-Profiteering Application Form (APAF – 1) is a component of the GST regime.

  • Indore: ‘GST Council to consider all practical suggestions’

    Indore: Commissioner of State Goods and Service Tax (SGST) Raghvendra Singh has said the GST Council is working continuously on making the new indirect tax regime trader-manufacturers-service provider friendly. He said the council is ready to take suggestions. He further said that E-way Bill system is designed to make it user-friendly.

  • Why step-motherly treatment to farmers? Rahul Gandhi asks PM Modi

    New Delhi: Congress Vice President Rahul Gandhi on Thursday accused Prime Minister Narendra Modi of “step-motherly treatment to farmers” saying that he has not waived off farm loans and not given proper market price for their produce.

  • Bhopal: Food bill stays same even after GST cuts, say residents

    Bhopal: The owners of the restaurants and eateries in the city have not passed on the benefits of the rates cut in Goods and Services Taxes to consumers. The government had announced the reduction of GST on restaurants and hotels, which came as a big relief to people. But the owners of some of the restaurants have increased the base price of the eatables. As a result, the overall bills of the

  • Export incentives get Rs 8,450 crore top-up

    New Delhi : The government on Tuesday topped up incentives by Rs 8,450 crore for exporters in sectors such as leather and agriculture as it looks to add muscle to outward shipments that have been disrupted by the implementation of the GST. Unveiling the contours in the ‘Mid-Term Review of the Foreign Trade Policy (2015-20)’ , Commerce and Industry Minister Suresh Prabhu said incentives have been increased by two per cent for

  • FSC issue opens today

    Future Supply Chain Solutions Ltd (FSC) is one of India’s largest organised third-party logistics service operators. It offers automated and IT-enabled warehousing, distribution and other logistics solutions to a wide range of customers. Company’s service offerings, warehousing infrastructure, pan-India distribution network, “hub-and-spoke” transportation model and automated technology systems support its competitive market position.

  • Rising cost pressure, GST pull services output lower: PMI

    Mumbai: Rising cost pressure, along with the after effects of the Goods and Services Tax (GST), dragged the output of Indian service sector lower during November, a key macro-economic data showed on Tuesday.

  • Management education in India must stay relevant to survive

    Management education in India is struggling very hard to survive with the rapid changing global scenario. The challenge before the schools is not just to teach them right but also prepare the students for the future, writes Vibha Singh

  • Factory output up in November

    Mumbai : India’s manufacturing sector expanded exponentially in November due to accelerated increases in output and new orders, data showed on Friday. The Nikkei India Manufacturing Purchasing Managers Index (PMI), a composite indicator of manufacturing performance, increased to 52.6 in November from the 50.3 reported for October. An index reading of above 50 indicates an overall increase in economic activity and  a reading below 50 points to an overall decrease.

  • GST to be simple for everyone by March: Shiv Pratap Shukla

    Kolkata: Union Minister of State for Finance Shiv Pratap Shukla on Wednesday said the Goods and Services Tax (GST) should smoothen out by March 2018 as the government has been addressing the concerns and it would become so simple that people would not have any issues.

  • Indore: Govt gearing up to resume e-way bill

    Indore: Following Goods and Service Tax (GST), now central and state government both are focusing on re-launching E-way bill (EWB), which is presently put on hold till March 18. The state is also gearing up to put it on effect from next month. However, the new system does have hefty penalty provisions, even on transportation of tax exempted goods. Electronic-bill or E-way bill is an integral component of GST and thus, with

  • India needs an overall energy policy: Pradhan

    New Delhi : Renewing the call for bringing natural gas under the Goods and Services Tax (GST) regime, India’s Petroleum Minister Dharmendra Pradhan, on Tuesday, said the country needs an overarching policy covering various energy verticals in order to achieve self-sufficiency and security in this critical sector. Furthermore, defending the union government’s target of doubling refinery-capacity to 600 million tonnes, Pradhan, speaking at an energy conclave in the capital, said that all