Page 58 - Indivjal Dhasmana/ Pti

State GST Act will continue in Jammu & Kashmir for the time being: Experts

Later, the UT GST Act has to be made for Ladakh and state GST Act for J&K

FM Nirmala Sitharaman takes on P Chidambaram over Budget numbers

Chidambaram had said that projections given in the Budget were unrealistic considering the past trends

Income Tax dept relaxes assessment and scrutiny norms for start-ups

In cases where start-ups are recognised by the DPIIT but scrutiny involves wider issues, the I-T dept has asked its field formations not to pursue the issue of angel tax during assessment proceedings

Tax dispute limits doubled for appeals in high courts, Supreme Court

The limits for filing appeals in the Income Tax Appellate Tribunal (ITAT) have been more than doubled

Sitharaman's first Budget gives breather for delay in payments towards GST

The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases

Manufacturing, mining pull down industrial output growth to 3.1% in May

Experts partially attribute slowdown to cut in spend during elections

Will generate PAN at back-end if not linked to Aadhaar: Revenue Secretary

We have used the facility of interchangeable use of Aadhaar and PAN for the convenience of people, said Revenue Secretary Ajay Bhushan Pandey

Foreign sovereign debt concerns stem from fear of the unknown: Garg

There are sovereigns which have done very well, built up a very good benchmark around them, and there are some that have not, said finance secretary Subhash Chandra Garg

Sitharaman reduces FY20 GST collection estimate by 13% to Rs 6.63 trillion

Sitharaman slashes FY20 forecasts by 13% from Goyal's February Budget Estimates

8% annual growth needed for GDP to touch $5 trn by FY25: Economic Survey

Economic Survey says India must 'shift gears', get into 'virtuous cycle driven by investment'.

Services sector shrinks for first time in 13 months, PMI falls to 49.6

Index fell from 50.2 in May, largely due to stagnant sales showed the data, which came ahead of Economic Survey for FY19

Govt should give only revenue-neutral stimulus, says CII president

The corporation tax rate could be reduced to 18 per cent if exemptions are removed, he said

Dealers to get input tax credit on GST for the post-sale discounts

The dealer would be eligible to get input tax credit on entire amount of GST paid if the discount is given after the sale of product

Importers do not need state-wise registration under GST regime

The AAR, Maharashtra, in two recent rulings, said that these companies do not need a separate registration in each state and that a registration where their headquarters are located would be enough

GST Council meet: Kerala FM Thomas Isaac may press for voting on lotteries

The Centre has one-third vote and all states combined have two-third votes in the Council

Retail inflation at 7-month high of 3.05% in May, within RBI's comfort zone

The previous high was in October 2018, when the retail inflation print came in at 3.38 per cent

Roll out of simple GST returns deferred to Oct; trial to start next month

To be implemented in phases, to be fully in pace by January next

PMI services growth slips to 1-year low over election-related disruptions

PMI for services, which is based on the responses of executives of 400 private sector companies, fell to 50.2 in May, from 51 in April

Govt makes highest-ever expenditure cut of Rs 1.4 trillion for FY19

The compression, comprising cuts and rollovers, represented almost double of what was done in the previous year, and around 6 per cent of the amount pegged in the RE

World Bank retains projections for India's economic growth at 7.5%

For the current fiscal year, the growth is quite high, given the fact that India's economy grew just 6.8 per cent in 2018-19, a five-year low