Free Press Journal
  • With GST, airlines might face taxation air pockets

    Mumbai: Airlines seem to be preparing for turbulence with the implementation of the GST regime as certain segments of aviation business, including movement of spare parts, might attract more taxes. While the Goods and Services Tax (GST) is set to be in place from July 1, lack of clarity on certain areas pertaining to airlines business have raised concerns of higher operational costs, according to industry executives.

  • BMC to change leasing norms to cover up revenue loss

    Mumbai: Once the Goods and Services Tax (GST) is implemented from July 1, BMC will lose around Rs 7 000 crore revenue which it earns from octroi. Hence the BMC has planned a new method of generating the revenue and one of them is earning maximum money from their leased properties.

  • India’s Q2 economy will be better than Q1: Nomura

    Singapore : India’s second quarter growth will be better than its first quarter of 6.1 per cent and may settle in the range of around 6.5 to 7 per cent, Japanese financial services major Nomura has forecast here on  Wednesday.

  • MPC meet: RBI may opt for status quo on rates today

    New Delhi  : Reserve Bank Governor Urjit Patel- led Monetary Policy Committee (MPC) on Tuesday began its bi-monthly interest rate review amid the government pitching for a reduction in borrowing cost to help push private investments.

  • GST will help India achieve 9% growth rate: Niti Aayog CEO

    New Delhi : The Goods and Services Tax, to be rolled out next month as the biggest tax reform since independence, will help India achieve 9 per cent growth rate, NITI Aayog CEO Amitabh Kant said on Tuesday.

  • Banks not yet prepared for GST rollout: IBA to Parliament panel

    New Delhi : With less than a month left for the rollout of the GST, the Indian Banks’ Association (IBA) has informed a Parliamentary panel that lenders are not yet geared up for implementation of the new indirect tax regime.

  • RBI to keep policy rate unchanged on June 7, say experts

    New Delhi : The Reserve Bank (RBI) is likely to maintain status quo at its monetary policy review on Wednesday as it would like to gauge the impact of GST rollout on inflation, say experts.

  • GST Council clears rules, states agree to July 1 rollout

    New Delhi : All states have agreed to a July 1 rollout of the Goods and Services Tax (GST) regime as the GST Council on Saturday cleared the pending rules, including transition provisions and returns. “Everybody has agreed for July 1 rollout,” Kerala finance minister Thomas Isaac told reporters.

  • GST Council will finalise rates on gold and textiles today

    New Delhi : The GST Council will on Saturday finalise taxes to be levied on six commodities, including gold, textiles and biscuits, as the Centre and states gear up to roll out the new indirect tax regime from July 1.

  • Not supporting GST in its present form, says Mamata Banerjee

    Kolkata : West Bengal Chief Minister Mamata Banerjee on Friday claimed financial emergency is still on in India and reiterated that the Goods and Services Tax (GST) Bill is not acceptable to the state government in its present form.

  • Indore: Government rolls out settlement scheme to clear VAT, CST dues

    Indore: Finally, ahead of rolling out of all new indirect tax regime Goods and Service Tax (GST) in the country, the state government declared settlement scheme for clearing pending dues of VAT and central sales tax. The scheme will be remained open till July 31, 2017. The scheme, aimed at helping taxpayers to clear long pending dues, was introduced through a notification issued on May 29. Under the scheme, a relief is

  • Indore: GST enrollment window to reopen today

    Indore: Giving a last chance for migration to Goods and Service Tax Network (GSTN) before the rolling-out of GST from July 1, the GST enrolment window will reopen on Thursday for 15 days for traders, manufactures and service providers who have not enrolled to GSTN.

  • Indore: EngineerBabu brings techies under one roof

    Indore: In a first of its kind, EngineerBabu, an IT company based at Indore, organised IT Connect event in the city on Saturday. The event was aimed at connecting IT service providers where they could discuss common issues and seek relevant solution for mutual growth. The in-house brainstorming session revolved around innovation in process, impact of GST on IT industry and changes in finances. Founders, co-founders, business development executives, project managers and

  • Cess to yield Rs 55K cr in first nine months of GST rollout

    New Delhi : The Centre expects to mop up as much as Rs 55,000 crore by levy of cess, including a big chunk from demerit and luxury goods, during the 9-month period of the current fiscal after the Goods and Services Tax (GST) is rolled out from July 1.

  • GST will help in evolving India as tax-compliant society: Jaitley

    Bengaluru :  The Goods and Services Tax, to be rolled out in just over a month, will not only check evasions but also help India evolve as a more tax-compliant society, Finance Minister Arun Jaitley said on Monday.