Tag: GST

Cabinet approves creation of National Anti-profiteering Authority under GST

Newsroom24x7 Network New Delhi: Close on the heels of the reduction in the GST rates of a large number of items of mass consumption, the Union Cabinet chaired by Prime Minister Narendra Modi today approved the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST. The National

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President praises GST, demonetisation; lays emphasis on resolve for a New India

Newsroom24x7 Staff New Delhi: President of India Ram Nath Kovind today said that India will complete 75 years of Independence in the year 2022 and it is our national resolve to attain certain desired milestones for a New India by then. The President also reminded the nation about the illustrious leaders and the diverse generation that

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Air India is rationalizing fleet to reduce operational losses

Newsroom24x7 Staff New Delhi: Five of the eight B-777 LR aircrafts purchased by Air India have been sold outright by the national carrier, presently overburdened by huge debt, to rationalize the fleet and reduce operational losses. Out of the 23 B-787 aircrafts purchased earlier by Air India, 21 B-787 Dreamliner aircrafts have sold and acquired

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GST will be negative for some sectors in India

Newsroom24x7 Network Mumbai: A special report published today by Fitch Ratings projects that India’s new Goods and Services Tax (GST) is likely to have a negative impact on the oil & gas, traditional retail and SME sectors.   //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({}); Fitch Ratings’ latest Special Report, published today says that GST may have

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GST has special significance for States: Jitendra Singh

Newsroom24x7 Staff Nainital: Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has said the GST promises to provide a level-playing field to all the States of the Indian Union. This equitable fair deal, according to Dr. Singh,

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GST Should Boost India’s Long-Term Growth Prospects: Fitch

Newsroom24x7 Network Hong Kong/Sydney/Singapore: India’s new Goods and Services Tax (GST) will unify the indirect tax system and remove domestic barriers to trade, which should support productivity gains and GDP growth over the long term, says Fitch Ratings. The GST that came into effect on 1 July is relatively complex, including multiple tax rates for

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GST, Aadhaar and bank accounts: People have become defaulters due to glitch in the system

Newsroom24x7 Staff New Delhi/Bhopal: During the penultimate moments on 30 June 2017, just before the historic rollout of GST from midnight, commoners were running from pillar to post and tearing their hair as they were finding it impossible to use the online banking facility to link their Aadhaar cards with their bank accounts. Even after

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GST: Modi, Jaitley hail landmark Tax reform, congratulate people

Newsroom24x7 Staff Finance Minister Arun Jaitley’s response in Rajya Sabha with respect to discussion on the Finance Bill 2017, March 29, 2017 New Delhi: Prime Minister Narendra Modi, has congratulated the countrymen on the passage of GST Bill. In a separate message Union Finance Minister Arun Jaitley also has congratulated every trader, producer and consumer

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Insolvency and Bankruptcy Code: Important milestone of economic reforms

Newsroom24x7 Staff New Delhi: An Insolvency Professional Entities (IPE) is jointly and severally liable for all acts or omissions of its partners or directors as IPs committed during such partnership or directorship. The Insolvency and Bankruptcy Code, 2016 is considered an important milestone of economic reforms after the GST. It offers a market determined, time

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