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Revenue Secretary Hasmukh Adhia

Small traders not required to issue GST bills under composition scheme

Govt closely monitoring price and supply of goods, essential and daily-use commodities, says Adhia.

4 July 2017 6:09 PM IST

Revenue Secretary Hasmukh Adhia

A 'GST Master Class' for all: Adhia explains A to Z of new tax

Govt sets up a decentralised monitoring system with 175 officers to oversee GST implementation.

4 July 2017 6:05 PM IST

70% of the complaints about overpricing on the pretext of GST are from semi-urban and rural areas which have lower levels of awareness.

GST: 200 officers to monitor district-level implementation

Each of these clusters have been assigned to officers ranking joint secretary and above.

4 July 2017 6:00 PM IST

The Centre on Thursday announced discounts for transactions through digital means like online banking, credit and debit cards and e-wallets.

Rs 2 lakh cash transaction limit not for credit card bill payment

Income Tax Department has exempted five entities from purview of Finance Act 2017.

4 July 2017 4:56 PM IST

The income tax department has identified that black money transactions have been taking place from Vijayawada city through around 200 accounts.

7th Pay Commission: Govt staff can expect HRA hike of 106-157 per cent

Modi Cabinet cleared 7th Pay Commission's recommendations which will come into effect from July 1.

4 July 2017 4:16 PM IST

India imported 8.7 million tonnes of LPG in 2015-16 and 4.66 million tonnes in first half of current fiscal.

GST rollout: Subsidised LPG rate hiked by up to Rs 32 per cylinder

Subsidised LPG rates have been increased to Rs 477.46 per 14.2-kg cylinder from Rs 446.65 in Delhi.

4 July 2017 3:31 PM IST

Policy and programmes developed by the Ministry of Housing under the NDA government, has been supported by budgetary interventions, bringing in a new era of reforms in the real estate sector.

GST to boost GDP; significant risks in short term: Fitch

New regime taxes goods and services at 5, 12, 18 and 28 per cent and exempts essential commodities.

4 July 2017 2:57 PM IST

Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and a weak trend in global market

Black gold: GST could boost illegal bullion, jewellery sales

With rollout of Goods and Services Tax, tax on gold has jumped to 3 percent from 1.2 percent.

4 July 2017 2:08 PM IST

RBi has asked banks to ensure that more than Rs 5,000 demonetised currency is deposited only in KYC compliant accounts.

Inflation pain easing; 25 bps rate cut likely on Aug 2: BofAML

Retail inflation fell to a record low of 2.18 pc in May while wholesale inflation fell to a 5 month low of 2.17 pc.

4 July 2017 2:04 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 to begin printing Rs 200 notes to speed up remonetisation

This move highlights the government's efforts at pumping in lower denomination notes in the system post demonetisation.

4 July 2017 1:15 PM IST

With just four days left for the rollout of GST, the government has deferred implementation of TDS and TCS provisions as well as exempted from registration small businesses selling on ecommerce platform. E-commerce firms will not be required to collect 1 per cent TCS (Tax Collection at Source) while making payment to suppliers under the Goods and Services Tax (GST) which will be rolled out from July 1.

Traders in J&K detained for protesting against GST implementation

A special session of the state legislature began today to discuss the issue of implementation of GST in the state.

4 July 2017 11:10 AM IST

Stunning growth: The FMCG sector in India is expected to more than double to $104 billion by 2020 from the current $49 billion. The sector is expected to grow at a compounded annual growth rate (CAGR) of 20.6 per cent. There is almost nothing else in the world growing this quick.

FMCG cos to extend tax benefits to customers, slash prices

Companies are extending the benefits either by price reduction or increasing the weight of products under same price...

4 July 2017 10:11 AM IST