June 13th, 2018E-commerce giant Amazon is set to debut its audiobook and entertainment business Audible in India during the Diwali season, as reported by familiar sources.
The company has already announced a six-book deal with India's most renowned English author, Chetan Bhagat as a part of which it will publish these books globally in print, eBook...
June 1st, 2018Hasmukh Adhia, the Union Finance Secretary has announced that the revenue collection from the total goods and services tax (GST) for the month of May amounted to Rs 94,016 crores. The news became trending on Friday after the statement given by Adhia.
In this context, he quoted, "The total GST collection for May (April revenue...
May 31st, 2018Online E-commerce Giant Amazon has announced that it will block Australian shoppers from its international website to counter new tax laws on online purchases.
Australians were free to buy goods from United States i.e via Amazon.com for years. But from 1 July, customers will be able to purchase goods only from Amazon's Australian...
May 9th, 2018The International Monetary Fund (IMF) has projected that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4 percent that rises to 7.8 percent in 2019 with medium-term prospects remaining positive.
The Report on Asia and Pacific Regional Economic Outlook said that the country is recovering from...
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...
April 11th, 2018ClearTax announced the acquisition of Greeblu Enterprises, which is an app-based startup and TOOTL, an app offering infotainment in the form of personalized content via predictive analysis modeling to its readers.
These acquisitions go along with ClearTax’s ambitions of using this innovative technology to incorporate with the...
December 1st, 2017India’s economic growth rebounded in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of a national sales tax.
Data released on Thursday showing faster growth could help Prime Minister Narendra Modi, who has been facing criticism over the...
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,...
October 7th, 2017Three months after the rollout of the new indirect tax regime, the GST Council today made sweeping changes to give relief to small and medium businesses on filing and payment of taxes, eased rules for exporters and cut tax rates on more than two dozen items.
Businesses with annual turnover of up to Rs 1.5 crore, which constitute 90 per...
