Free Press Journal
  • Indore: GSTN portal message shocks traders with hidden penalty mechanism

    Indore: Another unknown provision of Goods and Service Tax (GST) has come to fore, throwing already hit traders into tizzy. As filing of the first return form of third month kicked off on Saturday, tax payers in city were stunned to receive a message from GSTN portal, purportedly holding a trader liable to pay penalty for making delay in uploading info about the return and paying late fee.

  • GST was a collective decision, and all parties are equally partner: Prime Minister Narendra Modi

    Gandhinagar: Seeking to deflect the mounting criticism, Prime Minister Narendra Modi has described the Goods and Services Tax as a collective political decision. “The decision to implement the reform was not that of Prime Minister Modi alone. Nearly 30 parties were consulted, including the Congress, which is an equal partner in the decision,’’ he said.

  • Godrej Agrovet makes impressive market debut, shares jump 37%

    In rather good news for the business industry amidst the gloom of demonetisation and GST, Agribusiness company Godrej Agrovet, a subsidiary of Godrej Industries, made an impressive market debut on stock exchanges today. Godrej Agrovet shares jumped as much as 37 per cent to Rs. 630 on the National Stock Exchange (NSE) against the issue price of Rs. 460. With a 37 per cent gain on the listing day, Godrej Agrovet joins

  • Gurdaspur bypoll defeat: A wake up call for Narendra Modi and BJP?

    Politics is just like the game of cricket, of glorious uncertainties, and it keeps fluctuating over a period of time. Bharatiya Janata Party (BJP) which won a record mandate of 282 seats and emerged as the single largest party after 30 years had become trendsetters in Indian polity and PM Narendra Modi made his mark as a supreme leader for the past three-and-a-half years.

  • Developers hoping Diwali may stabilise real estate market in Mumbai

    Mumbai: With the recent blow to the real estate sector post demonetisation and roll of Real Estate Regulatory Authority Act, experts have predicted that the upcoming festive season will bring back the charm to the real estate market. In what seems to be a ray of hope for financially-hit developers to get back on their feet, there has been a sudden increase in inquiries for their ready to move in projects.

  • Pre-GST purchases dent Diwali spirit

    New Delhi: Manufacturers of consumer durables such as Panasonic India, Godrej Appliances and Usha International are finding festival sales sluggish as pre-GST purchases in June have made demand relatively weaker.

  • Determined to oust BJP in Gujarat, says Hardik Patel

    Ahmedabad : Firebrand Patidar leader Hardik Patel on Sunday asserted that he was determined to work for the defeat of the BJP in the upcoming assembly elections in Gujarat.

  • Indore: Fuel Price Cut Little cheers and some air to breathe for GST-hit common man

    Indore: After all the traumas and tantrums of demonetisation, GST, its compliance, price rise and other economic woes, common man got some reason to cheer ahead of Diwali, as prices of petrol and diesel was cut down by Rs 1.62 and Rs 3.94 per litre respectively on Friday. Though people have welcomed the move, they found the reduction was too little. The Chief Minister Shivraj Singh Chouhan, however, said that

  • Slowdown due to GST, note ban waning: FM

    GDP growth rate has slowed down to a three year low of 5.7 per cent in the first quarter of current financial year on the back of demonetisation and implementation of GST.

  • GST Council to discuss bringing real estate under its ambit: Arun Jaitley

    Washington: Identifying real estate as the one sector where maximum amount of tax evasion takes place, Finance Minister Arun Jaitley today said there was a strong case to bring it under the ambit of the GST. The matter will be discussed in the next meeting of the GST, which will be held on November 9, in Guwahati, Jaitley said, while delivering a lecture at Harvard University. “The one sector in India where

  • Note ban was to help convert black money into white: Rahul Gandhi

    Limkheda (Gujarat) : Congress Vice President Rahul Gandhi on Wednesday accused Prime Minister Narendra Modi of helping hoarders of black money to convert it into white money with his “unilateral and whimsical” demonetisation.

  • World Bank lowers India’s growth forecast due to demonetisation and GST

    Washington: India’s GDP may slow from 8.6per cent in 2015 to 7.0 percent in 2017 because of disruptions by demonetisation and the GST, the World Bank has forecast and warned that subdued private investment due to internal bottlenecks could put downside pressures on the country’s potential growth. The International Monetary Fund yesterday also loweredIndia’s growth projection to 6.7 percent in 2017, 0.5percentage points less than its previous two forecasts and slower than

  • ‘Attempts to derail’ GST have failed: Arun Jaitley

    Washington: Despite “attempts to derail” the recently introduced Goods and Services Tax (GST), the states are adopting the new regime at a fast pace, Finance Minister Arun Jaitley has said.

  • Why government is hiding behind long-term benefits cover

    Modi’s attempt to change the narrative from the current woes to long-terms benefits did not go beyond usual point-scoring measures like demonetisation and GST. He has no answer to the questions about the state of economy raised by economists and critics. One expected the prime minister to talk about real numbers and programmes to arrest the fall and kick-start growth. Instead, he tends to spend most of his talking time comparing his

  • Mumbai: GST cuts Diwali bonus for BMC employees this year

    Mumbai: Diwali is just a week ahead, but the Brihanmumbai Municipal Corporation (BMC) employees are yet to get their annual Diwali bonus. The Workers’ Association has demanded 20 per cent as bonus amount on the salary of the civic employees this year, on which the civic commissioner Ajoy Mehta is yet to take a final decision.

  • 10 takeaways from PM Narendra Modi’s power push, his latest poll jumla

    No real long-term damage to Modi Government

    For the government, however, there has been no real long-term damage. The fine tuning of the GST was overdue and has at least lifted the spirits of the karyakartas. Equally, Amit Shah’s participation in the protests against the Red terror in Kannur was important in galvanising BJP cadres in places where the party still has a long way to go before it can make a mark. And the  message that the Prime

  • Affordable housing records a surge of 27% in new units launch, Mumbai tops the list

    Mumbai: Soon after the Central Government announced incentivising the affordable housing segment, several developers across top eight cities have shown an interest in constructing affordable houses, says a real estate firm’s report. Interestingly, all other cities, except for Mumbai, saw a decline in new launches.