Free Press Journal
  • Maharashtra CM for bringing petrol, diesel under GST

    Mumbai: Amid a nationwide outrage over rising fuel prices, Maharashtra Chief Minister Devendra Fadnavis today pitched for bringing petrol and diesel under the purview of GST, saying it would ensure reduction of rates.

  • Narendra Modi, Prime Minister Narendra Modi, BJP

    4 years of Modi Government: After 1,460 days of Modi rule, ‘achhe din’ yet to come, feel experts

    New Delhi: There’s only one year more to go for the BJP-led regime before another test at the hustings. But is the country any nearer to Prime Minister Narendra Modi’s promised ‘acche din‘ (good days)? Four years ago, the country had voted the present regime to power on hopes of better days in all socio-economic-political spheres. But despite some strong structural reforms like GST, and gut-wrenching

  • Tata Motors net halves on higher costs

    New Delhi : Homegrown auto major Tata Motors’ on Wednesday posted a 50 per cent fall in net profit during the March quarter due to higher expenses and a one-time impairment charge for certain product development programmes.

  • Bhopal: Aam Aadmi feels the heat of rising fuel price

    Bhopal: Spiralling fuel prices touching fresh record levels has come as a major blow to people. Middle class households are facing the pinch of price rise as it has disrupted the domestic budget. Just ahead of the Karnataka polls, the prices of petrol and diesel had remained stagnant at around Rs 80 plus for almost 20 days, and post elections the fuel prices shy rocketed.

  • Fuel Price Hike: Bring petrol, diesel under GST ambit, says Congress

    New Delhi: Making a scathing attack on the BJP-led Central government, the Congress on Tuesday questioned the constant rise in petrol and diesel prices, and demanded they be brought under the Goods and Services Tax (GST) ambit. It also asked the Central government to immediately reduce the central excise duty on petroleum products and demanded that the BJP-ruled state governments should also reduce Value Added Tax (VAT) and other taxes on the same

  • mumbai, hike, petrol price in mumbai, hike in petrol price, anger in public

    Fuel Price Hike: Read to know how petrol and diesel prices in India are calculated

    Petrol prices in India are increasing rapidly and it looks like in coming future it can touch the mark of Rs 100. Currently the price of petrol in Delhi is Rs 76.57 per litre and in Mumbai it is Rs 84.40 per litre which is more than any other state. However, at the centre Modi government seems very lenient on petrol and diesel prices. If we compare the prices of current government

  • Industry seeks fuel excise duty cut

    New Delhi : India Inc. on Monday urged the government to cut excise duty on petrol and diesel immediately, observing that rising oil prices pose a high risk to the country’s economic growth trajectory.

  • Indore: Canteens, medical stores given on rent will attract GST

    Indore: Giving building on rent to run canteens, medical stores will attract GST. Similarly, educational institutions that will give school ground on rent for holding camps, MPPSC, bank examinations will also attract GST. Chartered accountant Sunil Jain stated this while delivering keynote address on concluding day of four-day lecture serious on GST here on Thursday. The lecture series was organised by Tax Practitioners Association (TPA).

  • Aviation ministry seeks ATF under GST regime

    New Delhi : The Civil Aviation Ministry is likely to approach the GST Council soon for bringing aviation turbine fuel (ATF) under the tax regime.

  • India’s growth to accelerate to 7.3% in FY19, says Fitch

    New Delhi: India’s economic growth will accelerate to 7.3 per cent in the current fiscal and 7.5 per cent in the next as money supply has recovered to its pre-demonetisation level and disruptions related to the rollout of GST have diminished. Fitch, which last month kept India’s sovereign rating unchanged for the 12th year in a row, said the country’s ratings “balance a strong medium-term growth outlook and favourable external balances against

  • GST on langar: SGPC writes to Centre again, gets no reply

    Amritsar: The Shiromani Gurudwara Parbandhak Committee (SGPC) has revealed that they again wrote to the Centre, demanding exemption of the Goods and Services Tax (GST) being levied on ‘langar’ (community meal) service at Gurudwaras across the country, but received no reply.

  • IMF expects India to grow at 7.4 per cent in Financial year 2019

    Washington/New Delhi: The Indian economy is expected to grow at 7.4 per cent in the current fiscal and accelerate further to 7.8 per cent as it recovers from the impact of demonetisation and GST roll out, IMF said today. Asia continues to be the main engine of the world’s economy, accounting for more than 60 per cent of global growth – three-quarters of which comes from China and India alone, as per

  • Cos get scrutiny notices for GST returns mismatch

    34 per cent of the businesses have paid Rs 8.16 lakh crore to the exchequer by filing GSTR-3B, whereas analysis of their GSTR-1 data show that their tax liability should have been Rs 8.50 lakh crore.

  • GST proves itself

    The Goods and Services Tax collections, according to official data, crossed the Rs one- lakh mark in April. Actually, the total receipts were Rs 1,03,458 crores. The Government has reason to smile. After the initial hiccups, major and minor snafus over a flawed design of the GST platform and an overburdened website, the GST was, after all, adapted by the taxpayers. The criticism that it was badly designed and hurriedly implemented without