Free Press Journal
  • Bhopal: BSNL July bill delayed due to non-compliance with GST

    Bhopal: The postpaid mobile service customers of BSNL are still awaiting their bills for the month of July. The generation of bills has been delayed by almost a month as the state-owned telco failed to make its billing software GST-compliant in time. Normally, the bills are generated in the second week every month and reach the customers through post by month-end. However, the bills for July have still not been delivered to

  • Indore: GST won’t have considerable impact on cost of banking

    Indore: The GST will have no significant impact on the cost of banking services. It will help increase banking transaction and also increase
    profits of the banks, said Sunil Kumar Vohra, Deputy General Manager (DGM) and Zonal Manager Bank of India, Indore zone while talking to this correspondent. Here are excerpts of this interview:

  • Indore: ‘CGST dept to end factory stuffing and self-sealing of export container’

    Indore: “In order to avail ease of doing business and making export facility easy, Central Goods and Service Tax (CGST) department is going to end factory stuffing of export container and selfsealing from September 1, 2017. The initiative is expected to help exporters in a bigger way in the region,” said commissioner of CGST Indore Commissionerate, Neerav Kumar Mallick and deputy commissioner Virendra Jain in an awareness programme organised for exporters here

  • Govt bans export of gold items above 22-carat purity

    New Delhi: The government has banned exports of gold jewellery, medallions and other articles above 22- carat purity in a bid to check round tripping of the precious metal.

  • High GST may taper leasing industry growth

    Kolkata: The estimated Rs 5500 crore capital good leasing sector growing at 15-20 per cent may get tapered due to high Goods and Services Tax (GST) along with few other issues. “The GST rate of 28 per cent is high for the leasing industry when compared to the earlier five to 15 per cent tax burden. Higher GST rates lead to

  • GST rollout improves biz efficiency by 30%: Narendra Modi

    New Delhi : The abolition of inter-state check posts after the implementation of GST has reduced time for movement of goods by 30 per cent and saved thousands of crores of rupees, Prime Minister Narendra Modi said Tuesday. The Goods and Services Tax, which unified more than a dozen central and state levies, is a result of cooperative federalism and its smooth rollout from July 1 has increased efficiencies of business, he

  • Common use items exempt from e-way bill provision under GST

    New Delhi: LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under the GST regime.

  • Britannia aims to increase distribution footprint post-GST

    New Delhi, After facing initial GST hiccups, FMCG major Britannia is looking at increasing its distribution footprint and winning market share from local players. The company, which witnessed de-stocking in trade channels due to migration to GST, said the new tax regime has brought a level playing field. “Our key strategic focus area is to increase distribution footprint, grow rural and win (market) share from local players,” Britannia said in a presentation to the

  • Cine workers to go on strike from August 15, big projects could be hit

    Mumbai: Nearly 2,50,000 cine employees and workers will go on an indefinite strike from August 15, demanding that their various issues pending with the producers were addressed at the earliest. The spotboys, junior artistes and all the workers on film sets and in the television industry will take part in the strike under the aegis of the Federation of Western India Cine Employees (FWICE).

  • Economic survey warns of uncertain fiscal outlook, lists challenges

    New Delhi: Flagging uncertain fiscal outlook for the current fiscal, the mid-year Economic Survey released on Friday said achieving higher end of the 6.75-7.5 per cent GDP growth estimated earlier will be difficult and called for more interest rate cuts to boost the economy.

  • Economic Survey: Achieving high end of 6.75-7.5% growth difficult

    New Delhi: Achieving the high end of the 6.75-7.5 percent growth projected previously will be difficult due to appreciation of rupee, farm loan waivers and transitionary challenges from implementing GST, the Economic Survey said today.

  • Economic Survey 2016-17 Volume-2 : State of the Economy – An Analytical Overview and Outlook for Policy

    Economic Survey 2016-17 Volume 2 was laid in the Parliament today. The Survey notices a rekindled optimism on structural reforms in Indian economy. Various factors such as launch of the GST; Positive impacts of demonetization; decision in principle to privatize Air India; further rationalization of energy subsidies and Actions to address the Twin Balance Sheet (TBS) challenge contribute to this optimism. The document also adds that a growing confidence that macro-economic stability has become entrenched is evident

  • GST: Compliance rating system will come in place in few months

    Goods and Services Tax (GST) continues to be the hot topic even after days of its launch. Any development or information seem to be vital around it. When Maharashtra’s GST department, Commissioner of State Tax, Rajiv Jalota talks about it, there is lot more that he has to share about the state and its progress made in GST. Jalota who has held various position in key offices like MCGM, CIDCO etc, talks

  • Indian workforce prefers to be entrepreneurs, says a survey

    New Delhi : Entrepreneurial ambition among the workforce is highest in India, with 56 per cent of respondents in a survey indicating that they are considering leaving current jobs to start their own business.

  • Tax on Khadi products doubles post GST implementation

    New Delhi : Tax on various products of the Khadi and village industries has almost doubled since imposition of the Goods and Services Tax (GST) and the tax on the Ayurvedic medicines produced by them has surged to 12%.

  • Multiplicity of GST rates is a challenge: Ex-RBI official

    New Delhi: Former RBI Deputy Governor Rakesh Mohan on Wednesday said the GST rollout was a colossal task achieved after over a decade but the multiplicity of rates still remained a challenge.

  • Nandan Nilekani

    Big data to address problems of jobs, growth, says Nilekani

     Bengaluru : Infosys co-founder and former UIDAI chairman Nandan Nilekani Tuesday swore by big data, saying it will address issues of economic growth and jobs and help small businesses avail of loans that have eluded them so far. “The fact that we are talking of using big data is not just some technical mumbo-jumbo, it is actually creating a cycle of investment and growth for India’s small businesses, which will lead to

  • Mumbai: MHADA seeks clarity on flat rates

    Mumbai: In order to get clarity on the exemption of Goods and Services Tax (GST) on Maharashtra Housing and Area Development Authority (MHADA) flats, officials are seeking legal opinion to determine the final cost of flats that are included in this year’s lottery. Senior officials said that there will be marginal changes in the overall rates.