GST not to affect U-17 World Cup ticket prices
Kolkata, July 4 (IANS) While the sports sector overall has been impacted by the July 1 rollout of the Goods and Services Tax (GST) with equipment cost and price of entry tickets for tournaments attracting up to 28 per cent tax, the FIFA U-17 World Cup tickets would not be affected, according to Local Organising […]
GST shouldn’t impinge upon trade with India: Nepal
Indo Asian News Service Kathmandu, July 4 : Expressing concern that the revolutionary Goods and Services Tax (GST) regime adopted by India will adversely impact trade and transit between Kathmandu and New Delhi, land-locked Nepal — majorly dependent on bilateral trade with India — has sought guarantees that the new tax system does not impinge […]
Sensex cheers GST, up 300 points after India’s biggest tax reform
July 03, 2017 The BSE Sensex rose nearly 1 per cent on Monday heading for a third straight session of gains. The Sensex zoomed 300.01 points to close at 31,221.62; Nifty gained 94.10 points to 9,615. This comes in the backdrop of India on Saturday rolling out its biggest tax reform, replacing more than […]
Gujarat’s cloth markets remain shut protesting 5% GST
July 01, 2017 On the day the goods and services tax came into play across the country, a majority of cloth shops in Gujarat remained shut while those who kept it open said they did not carry out any business transaction. Various cloth merchant associations in the state as well as in some other states […]
Income Tax notification: Aadhaar-PAN linking must from July 1
(PTI) June 28, 2017 Individuals having PAN will have to link it to their existing 12-digit biometric Aadhaar number from July 1, a government notification said. Aadhaar number or Aadhaar enrolment ID will also have to mandatorily quoted while applying for permanent account number (PAN), which is a must for filing tax returns, opening of […]
GST Launch On June 30 With Special Midnight Session In Parliament
Agencies NEW DELHI: Finance Minister Arun Jaitley announced that India’s biggest tax reform since Independence, the national Goods and Services Tax or GST, will be launched at midnight on June 30. Mr Jaitley said President Pranab Mukherjee , Prime Minister Narendra Modi and two of his predecessors, Dr Manmohan Singhand HS Deve Gowda, […]
Black money: Switzerland agrees to share information with India
Agencies Switzerland on Friday ratified automatic exchange of financial account information with India and 40 other jurisdictions to facilitate immediate sharing of details about suspected black money, even as it sought strict adherence to confidentiality and data security. Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax […]
Aadhaar must be linked to bank accounts by December 31; mandatory for opening new accounts
Agencies Even though the Constitution bench of Supreme Court is yet to decides on the privacy issue regarding Aadhaar, the government on Friday made Aadhaar card mandatory for opening bank accounts and for financial transactions of Rs 50,000 and above. All existing account holders are asked to submit Aadhaar to banks by Dec 31, 2017, […]
Rupee Pares Early Gains, Down 5 Paise Vs USD
Agnenice The rupee pared its early gains to trade down by 5 paise at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities. The rupee resumed lower at 64.91 per dollar as against the yesterday’s closing level of 64.89 per dollar at […]
38 Days To Go For GST, Small Businesses Will Have To Digitise Soon
India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees — which the government refers to as micro, small and medium enterprises — will all have to digitize. The […]
