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Indivjal Dhasmana, a senior associate editor at Business Standard, writes on macroeconomics, taxes, and political economy. He has over three decades of experience in various journalism. He currently heads the economics data team at Business Standard.
Indivjal Dhasmana, a senior associate editor at Business Standard, writes on macroeconomics, taxes, and political economy. He has over three decades of experience in various journalism. He currently heads the economics data team at Business Standard.
Gross fixed capital formation (GFCF) contracted by 6.48 per cent in Q4FY20. It plunged in Q1FY21 before returning to earlier levels in Q2
Questions policy of previous govts without building capacities at home
The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system
The economy contracted at an unprecedented 23.9 per cent in the first quarter (Q1) of FY21 and 7.5 per cent in Q2
Power distribution services draw zero GST rate since they fall under the negative list of services released by the Union government in 2017
Goyal says India's proposal getting widespread support
The blog suggests a central bank digital currency may be designed to encourage the private sector to innovate on top of it
However, Indian citizens will have to follow the Aadhaar authentication or personal verification route for GST registration
Says government has no business to be in business; 'Our mantra is monetise and modernise'
They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws
Five indicators - passenger vehicle output, vehicle registration, Coal India output, diesel consumption, and domestic airlines passengers - recorded contraction in January
China imported goods worth $15.3 from India and exported goods worth $45.4 billion to India
Sources say the GST authorities have been using deep data analytics, integrated data-sharing to unearth input tax credit utilisation frauds via fake invoicing and bogus firms
Most want centre to reverse Covid excise duty, states to prune VAT rate or replace ad valorem rate with flat tax structure
New Delhi has time till March 21 to file an appeal in accordance with a 90-day window
One of the major contentions put forward by the taxpayers was that the relevant GST forms could not be filed due to technological glitches faced on the GST Network portal
Hiring by various sectors is likely to resume in 2021 after taking a beating in 2020
Expresses concern at big US tech firms not adhering to data privacy
Agreement is limited in scope, covers 310 export items from India and 615 imported products from Mauritius
The meeting on Tuesday was chaired by RBI Governor Shaktikanta Das through video conferencing