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Consumers will have to cough up goods and services tax (GST) on bill payment for credit card, telephone or any other service consumed in June if the invoice for the same has been generated or payment made in July.

18 per cent GST on 5-star, other hotels with tariff less than Rs 7.5K

Reports had said 5-star hotels are liable to pay GST at 28 per cent irrespective of declared tariff.

18 July 2017 5:17 PM IST

The recent measures taken by the Reserve Bank of India (RBI) to resolve non performing assets (NPAs) in the banking system under the Insolvency and Bankruptcy Code (IBC) would require banks to take a 60 per cent haircut on their loan assets, ratings agency Crisil said on Monday.

RBI not reviewing 90-day NPA classification window: Govt

Gross of NPAs of the public sector banks totalled more than Rs 6.41 lakh crore at March end.

18 July 2017 4:39 PM IST

Finance minister Arun Jaitley

Arun Jaitley rules out lowering GST rate for textiles sector

GST rate structure for the textiles sector enables ease of classification and determination of rate.

18 July 2017 4:22 PM IST

With the Rashtriya e-Market Service (ReMS) providing a platform to both farmers and buyers to do online trading without interference of middlemen in the APMCs, both are now reaping the benefits (Representational image)

Draw up strategy for doubling farmers' income: Centre to states

Average monthly income per agricultural household from various sources is estimated to be Rs 6,426.

18 July 2017 3:53 PM IST

A student from Hyderabad is stranded in the United Kingdom as the cash-strapped Telangana States minority welfare department has not released the money for his scholarship, saying the budget is not yet out.

Over 36 lakh bank accounts saw cash deposit of Rs 10 lakh or more

MoS for Finance Santosh Kumar Gangwar did not specify for which financial year such deposits were made.

18 July 2017 3:06 PM IST

The RNR is the rate at which there will be no revenue loss to the Centre and states in the Goods and Services Tax (GST) regime.

Only 18 per cent GST for hotel rooms charging Rs 7,500 tariff: CBEC

Central direct taxes body further says this rate is applicable for hotels irrespective of their star-ratings.

18 July 2017 2:14 PM IST

The Nikkei Markit India Manufacturing Purchasing Managers Index (PMI) a gauge of manufacturing performance fell to 52.3, down from a 22-month high of 54.4 in October. (Representational image)

'Mfg lowest paid sector with Rs 211.7 per hour median gross salary'

Manufacturing output contributes about 16 pc to the overall GDP and employs nearly 12-13 per cent of the labour force.

18 July 2017 2:11 PM IST

Consumers will have to cough up goods and services tax (GST) on bill payment for credit card, telephone or any other service consumed in June if the invoice for the same has been generated or payment made in July.

GST to be positive for auto, retail; negative for SMEs: Fitch

GST impact would be broadly neutral for property, electricity, telecom, pharmaceutical and fertiliser sectors, said...

18 July 2017 2:02 PM IST

The Central Statistical Organisation had estimated a GDP growth of 7.1 per cent for 2016-17 earlier in January.

CAD to widen to 1.3 per cent of GDP in 2017: Nomura

Current account deficit soared to USD 3.4 billion of GDP in 4th quarter of 2016-17 from USD 0.3 billion.

18 July 2017 1:00 PM IST

The GHMC has issued red notices to City Central Mall, Big Bazaar at Himayatnagar and Topaz Building at Somajiguda for not paying property tax for over two years.

I-T returns: How different would be your tax filing exercise this year

Authorities have introduced ITR-1 or Sahaj form for individual tax payers who earn not more than Rs 50 lakh.

18 July 2017 12:42 PM IST

GST Council meeting on tax on tobacco was held through video conference showing the pressure on the government to act on the cigarettes issue.

GST cess on cigarettes hiked; prices to remain unchanged

However, cigarette prices will not change as a result of increased cess which would be effective from midnight on...

18 July 2017 11:09 AM IST

Ms Nirmala Sitharaman

India has taken up visa issue with US: Nirmala Sitharaman

US has not made any comprehensive changes to the work visa programmes including H-1B visas so far.

17 July 2017 7:38 PM IST