Free Press Journal
  • India’s GDP growth could slip below 7%, say experts

    New Delhi : India’s economic growth is likely to be below seven per cent this fiscal, say experts, citing the Goods and Services Tax (GST) disruption and the lingering impact of the government’s note ban. The Indian economy grew 7.1 per cent in 2016-17, as against eight per cent in 2015-16.

  • Indore: Crucial GST Law Review Committee Meeting begins

    Indore: The crucial fourth meeting of the GST Law Review Committee, started at hotel Radisson Blu on Tuesday. But strangely, people, who framed the GST Law, were not included in the committee. The closed-door and highly confidential threeday-long meeting is being attended by all the members of the committee including senior officials of the GST Council, five SGST commissioners of five states– Assam, Madhya Pradesh, Rajasthan, Odisha and Punjab, and a member of

  • Flashback 2017: The year that wasn’t for the hospitality business

    2017 started off with the aftermath of demonetisation which continued until March 2017. With no control or say in various regulatory or judiciary decisions taken, the hospitality sector slipped further down. Then there were jolts of GST, famed beef ban dikat and making eateries and restaurants across highways run dry. Customer dissatisfaction and lack of confidence on the hotel and restaurant business is also at its peak.

  • GDP growth to pick up in 2018; oil, inflation risk factors

    New Delhi: With the effects of demonetisation and the transition hiccups of the GST firmly behind, India’s economic growth is likely to pick up in the new year but rising oil prices and a firming inflation may spoil the party.

  • e-commerce companies reflect upon trade in 2017; determine growth in 2018

    New Delhi: 2017 witnessed a move that proved to be a fillip for the India economy. Implementation of the Goods and Services Tax (GST) on July 1, changed the advent of events in the year 2017, which proved to be positive for the markets as well as the e-commerce space.

  • Centre, states, industry to discuss export situation on January 8

    New Delhi: The Centre, state governments, and industry representatives will meet on January 8 to discuss ways to boost the country’s exports, a commerce ministry official said. The third meeting of the ‘Council for Trade Development and Promotion’ will be chaired by Commerce and Industry Minister Suresh Prabhu.

  • Flashback 2017: A quick recap of the year that was

    It is again that time of the year, when no matter how big or small you are, you want to reflect over the past year and think about things that went right and things that went wrong. Remember the rights and hope to keep repeating them in the year to come and to take the wrongs in the stride, evaluate them and make better decisions.
    The previous year was full of ups and downs like

  • Indore: Last date of filing GSTR-1 extended to Jan 10

    Indore : Central Board of Excise and Customs has extended the last date of filing of Form GSTR-1 to January 10. Through a notification issued on Friday, the board has released the complete schedule of the extended dates.

  • GST discouraging cinema-going habit: Filmmaker Siddharth Roy Kapur

    New Delhi: The Goods and Services Tax (GST), implemented by the central government from mid-2017, has proved to be a strain on the overall economics of film-making and is also discouraging the public’s cinema-going habit, says Film and Television Producers Guild of India President Siddharth Roy Kapur.

  • Indore: GST registrants can now change mobile no, email address

    Indore: GST registrants, who are unable to login to their GST accounts due to change in mobile and email address, can now do it easily. The primary authorised signatory will have to send a request to their jurisdictional officer to change the mobile number and email address.

  • Parliament passes bill on GST cess

    New Delhi : The Lok Sabha on Wednesday passed an amendment bill that seeks to replace an ordinance in which tax rates on motor vehicles was hiked to a maximum of 25 per cent under the Goods and Services Tax (GST) regime. The House took up for discussion the GST (Compensation to States) Amendment Bill, 2017 amid din, as the Congress and Trinamool Congress members raised slogans and banners protesting against Union

  • GST collections declined in Nov

    New Delhi : Goods and services tax (GST) collections slipped for a second straight month in November, to Rs 80,808 crore, down from over Rs 83,000 crore in the previous month, reports PTI. The total GST collection stood at Rs 80,808 crore for November and 53.06 lakh returns have been filed for the month, a finance ministry statement said.

  • Indore: 1.25L VAT Act cases yet to be filed for tax assessment, courtesy GST

    Indore: As many as 1.25 lakh cases of financial year 2015-16 were still pending for tax assessment, even as last date of tax assessment was just eight days away. With the December 30 deadline approaching closer, traders and tax consultants were thrown into serious tizyy, and on Friday, demanded extension of the last date of tax assessment to April 30, 2018.