May 6th, 2018The Goods and Service Tax Council (GST Council) has approved of a simpler tax return filing system under the new indirect tax regime and has also given approval for conversion of GST Network into a government holding as per information from Finance Ministry of India.
The new return filling form will reduce the compliance burden for...
May 1st, 2018The Goods and Service Tax Collections have crossed Rs. 1.03 trillion in the month of April superseding the Rs. 1 trillion mark for the first time post the new tax regime which was rolled out on 1 July last year.
As per the statement released by the finance ministry, the buoyancy in tax collections is being attributed to economic...
April 17th, 2018The World Bank has predicted a growth rate of 7.3 percent for India for the current year and 7.5 percent for 2019 and 2020 and has observed that Indian economy has recovered from the effects of demonetization and Goods and Service Tax (GST).
In its South Asia Economic Focus Meet held twice a year, World Bank said,
Growth is expected...
October 15th, 2017IMF chief Christine Lagarde has said the Indian economy is on a "very solid track" in the mid-term, days after the International Monetary Fund lowered its growth forecast for the current and the next year.
Describing the two major recent reforms in India - demonetisation and Goods and Services Tax (GST) - as a monumental effort,...
