Free Press Journal
  • Yashwant Sinha, indian economy

    Indian economy in period of dense fog: Credit Suisse

    Mumbai : Describing Indian economy to be in a period of “dense fog”, Credit Suisse Wednesday said structural reforms including GST has introduced significant uncertainties related to growth, fiscal health, inflation, currency and the banking system in the country, for the near term. Credit Suisse’ India Equity Strategist Neelkanth Mishra told reporters here that the “Indian economy is going through a period of dense fog” with uncertainty of macro-economic variables by itself

  • Indore: Now get ready to shell out more for dal, roti

    Indore: Be ready to brave the soon coming price hike of food items, thanks to Goods and Service Tax (GST). According to sources, wheel flour and pulses are likely to become dearer by Rs 300 to 400 per quintal in short future. Though, before rolling out the GST, Union finance minister had assured it would not fuel price hike of food items, the price hike is evident with GST council putting all

  • Garavi, Sanchi and Taravi: Meet Gujarat’s GST babies

    Inspired by Prime Minister Narendra Modi’s ‘Goods and Service Tax’ (GST), a Surat-based family who were blessed with three daughters recently named their newborns after the new tax regime.

  • Free fall in GDP rate structural, not transient, says SBI Report

    India’s economic growth slipped to a three-year low of 5.7 pc in April-June, underscoring the disruptions caused by uncertainty related to the GST rollout amid slowdown in manufacturing activities.  The report said growth is seen picking up in the next fiscal.

  • Ujjain: Businessmen have adopted well to GST says Tally CEO

    Ujjain: Businessmen in the country have not been unnerved with the implementation of the Goods Service Tax (GST), despite extensive learning procedures involved in studying the wider aspects of the tax, said Manish Chowdhary, CEO at Tally Education.

  • Indore: Technical glitches hit GST filing hard

    Indore: Over 85 per cent tax-payers of the state have not filed their maiden GST return for the month of July due to glitches in the GSTN portal. The last date for filing the same is September 10. It is said that due to abnormal rush for filing of the return, the Goods and Services Tax Network (GSTN) portal developed technical glitches and frequent hanging of computer left the taxpayers red-faced.

  • Raise number of biz in GST net to 3cr, govt to taxmen

    New Delhi : The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net, up from less than a crore at present, and also make the IT system glitch free, an official source has said. The target was set at the recent second edition of the two-day annual meet of tax officers, which was addressed by Prime Minister Narendra Modi, he said. A key

  • CBEC asked to increase GST registrations 3-fold: Sources

    New Delhi : Prime Minister Narendra Modi has set a steep target for the Central Board of Excise and Customs to achieve 3 crore registrations under goods and services tax, two senior finance ministry officials said.

  • Raise number of business in GST net to 3 crore, govt tells taxmen

    New Delhi: The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net, up from less than a crore at present, and also make the IT system glitch free, an official source has said.

  • ‘Weak investment demand bigger challenge than GST’

    New Delhi : India’s economic activity lost momentum in the June quarter and critics blamed GST as well as demonetisation for the slip, but its weak investment demand that is a bigger challenge, experts say. According to Kotak Institutional Equities, weak investment demand which accounts for 30 per cent of GDP is a far bigger ‘structural’ challenge. India’s economic growth slipped to a three-year low of 5.7 per cent in April-June quarter,

  • Bhopal: Sluggish demand dampens festive spirit for realtors

    Bhopal: Real estate business did not pick up during the Ganesh festival but builders and developers still have hope from Navratri.  The market at this time does not have many buyers. Bearish trend plagues it. Builders have attributed the plight of realty market to mixed impact of RERA, GST, demonetisation and liquidity crisis.

  • Indore: Customs dept to end supervised sealing of containers from October

    Indore: The customs department is all set to bring in a revolutionary reform in export sector by introducing Radio Frequency Identification
    (RFID) system from October 1. Exporters will be allowed to carry out self-sealing / stuffing / esealing by using RFID. It is believed that this measure will virtually end smuggling. The new system will benefit large number of exporters of Pithmapur and the region. Following a big-bang reform in indirect taxes, including

  • GST return filing deadline extended till September 10

    New Delhi: The government has extended the deadline for filing the GST sales return — GSTR-1 — which was to expire on Tuesday, for another five days till September 10, according to an official announcement.

  • Bhopal: GST will make life insurance costlier

    Bhopal: GST will make buying life insurance cover costlier, said Mukesh Gupta, Zonal Manager (Central region) of the Life Insurance Corporation of India.

  • GDP growth rate seen at 7.5 pc in Q2: Niti Aayog

    New Delhi : Economic growth in the second quarter (July-September) of 2017-18 is expected to soar to 7-7.5 per cent on the back of good monsoon and clarity over GST, Niti Aayog’s new Vice-Chairman Rajiv Kumar said Friday. India’s GDP growth rate slid to a 3-year low of 5.7 per cent in the first quarter (April-June), mainly on account of a slump in manufacturing. “I am confident that in the July-September quarter,

  • PM Modi: Be friendly to honest taxpayers

    New Delhi : Prime Minister Narendra Modi Friday asked tax officials to be friendly to honest taxpayers as part of his efforts to end the fear of the taxman and make India a more tax compliant society. Inaugurating the second edition of ‘Rajaswa Gyan Sangam’ —the joint conference of direct and and indirect tax officials — Modi asked them to ensure that the benefits of the biggest tax reform since independence, GST,

  • Demonetisation, pre-GST destocking reasons for drop in Q1 GDP? Hear it from experts

    Mumbai/New Delhi: Experts feel demonetisation and huge destocking before the launch of the Goods and Services Tax (GST) can be the reasons for the unexpected slow down of India’s economic growth to 5.7 percent in the June quarter, the slowest pace in three years. Market expert Sunil Shah, while speaking to ANI on the same, said that this plunge might have impact on the estimated revenues of direct and indirect taxes.