Free Press Journal
  • Mumbai Real Estate Slump: 3.5 lakh flats unsold in Mumbai metropolitan region, claims report

    Mumbai: The claims of slowdown is the real estate sector in Mumbai Metropolitan Region (MMR) cannot be denied any more. This is now supported by figures that suggest that out of total units registered under MahaRERA, about 3, 50,000 units remain unsold. According to the latest report of Cushman & Wakefield and Propstack, about 52 per cent of units remain unsold up until August 31, 2017.

  • Big GST relief: 6 facts you must know about new GST rates

    In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were on Friday cut to provide relief to consumers and businesses amid economic slowdown. As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants,

  • P Chidambaram on GST rates cuts: Congress, I are vindicated

    New Delhi: Senior Congress leader P. Chidambaram on Friday said that he and his party are vindicated by the cuts in the Goods and Services Tax (GST) rates. “Congress is vindicated. I am vindicated. The merit of capping GST at 18% is now recognised,” Chidambaram tweeted.

  • ‘Gabbar’ knocked out of GST

    Guwahati: In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were on Friday cut to provide relief to consumers and businesses amid economic slowdown.

  • Not able to understand GST, says BJP minister Om Prakash Dhurve

    Bhopal: A candid confession by Madhya Pradesh minister Om Prakash Dhurve that he did not understand the Goods and Services Tax (GST) left the BJP red-faced as it argued that he is only a minister and not a chartered accountant.

  • Stocks get a GST push, but suffer weekly loss

    Mumbai: Markets managed to beat a spell of fluctuations towards the fag end today and closed with modest gains, giving a guarded response to the GST Council’s decision to reduce tax rate on a host of daily-use items.

  • Sawai Gandharva Bhimsen Mahotsav organisers seek GST exemption for classical concerts

    Pune: The Arya Sangeet Prasarak Mandal, organisers of the iconic Sawai Gandharva Bhimsen Mahotsav, have requested the Central government to exempt the concerts of Hindustani classical music from GST. The Mandal has submitted a formal request in this regard to Union Finance Minister Arun Jaitley.

  • GST network still not strong: Punjab FM Manpreet Singh Badal

    New Delhi: Ahead of Goods and Services Council Meet in Guwahati today, Punjab Finance Minister Manpreet Singh Badal said that the GST network is still not strong. “GST network is still not strong. We hope they look into our suggestions,” the minister said.

  • Indore: PM Narendra Modi accepts ACCI advice on GST flaws, asks to allow quarterly filing of return

    Indore: Accepting the suggestions given by Ahilya Chamber of Commerce and Industries (ACCI), an Indore-based traders’ organisation, Prime Minister Narendra Modi has directed finance secretary Hasmukh Adhia to make necessary corrections in compliance of Goods and Service Tax (GST) and make provisions which would allow traders to file GST returns quarterly and pay taxes on monthly basis.

  • Cong inciting Surat traders over GST: Irani

    Ahmedabad : Union Textiles Minister Smriti Irani on Thursday alleged that though small businessmen and traders in Surat are ready to embrace GST, Congress leaders are trying to “incite” them against the BJP government in Gujarat, which goes to polls next month.

  • ASSOCHAM solicits relief for exporters under GST

    New Delhi: In lieu of the 23rd meeting of the Goods and Services Council in Guwahati starting Thursday, the ASSOCHAM recommended examining the impact of the taxation scheme on exports in a bid to help exporters receive their tax refunds without any further delay.

  • Ahlers India CEO Jitendra Srivastava: Implementation of GST in India is a positive signal

    The Ahlers Group— a privately owned Belgium-headquartered company— is into freight forwarding by ocean and air, has a presence in more than 15 countries, including India and employs 800 people worldwide. With a global annual turnover of over 205 million euros, Ahlers India contributed around 9 per cent to total company revenues.

  • Bhopal: One Year Of Demonetisation: MSMEs and traders have divergent views

    Bhopal: The businessmen running Micro, Small, Medium Enterprises (MSME) have said that demonetisation has changed the track of Indian economy for better. But traders are of the view that centre’s move has ruined their trade, which will affect GDP. Prime Minister Narendra Modi had introduced demonetisation on November 8 last year. Though MSMEs stated that demonetisation has hit black money, the traders said it blocked the money from circulation and failed to

  • Note ban impact behind us, growth in sight: FM

    New Delhi : Finance Minister Arun Jaitley said on Tuesday that the impact of structural reforms is “behind us” and the early economic indicators point to an improvement. Structural reforms like demonetisation and the roll out of the Goods and Services Tax would have had some consequences but they will help the economy in the long run, he said. “Having undertaken two major structural changes which are extremely important for Indian economy,