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Home » Archive for July 2nd, 2017

Revenue Secretary Hasmukh Adhia dispels seven ‘myths’ about GST

New Delhi, July 2 (IANS) A day after the pan-India Goods and Services Tax (GST) came into effect, Revenue Secretary Hasmukh Adhia on Sunday cleared certain misconceptions about the new indirect tax regime. “There are seven myths going around about...

GST will boost revenue, positive for Indian credit profile: Moody’s

New Delhi, July 2 (IANS) The just effected Goods and Services Tax (GST) regime in India is positive for the country’s credit profile as it would increase government revenues through improved tax compliance, US ratings agency Moody’s said...

India, China should not be rivals : Chinese commentary

Beijing, July 2 (IANS) The Chinese state-run media on Sunday urged India to get over its “China anxiety” and said that New Delhi and Beijing, instead of being rivals, “could become cooperative partners”. “Concerns over a...

Microsoft plans Cloud-focused reorganisation, layoffs likely

San Francisco, July 2 (IANS) With Microsoft putting emphasis on its Cloud-computing products instead of licences for boxed software, the technology giant is likely to reorganise its sales groups, resulting in layoffs, media reported. A formal announcement...

One lakh firms de-registered for suspected activities, more tough action coming : PM Modi

New Delhi, July 1 (IANS) Announcing the cancellation of registration of over one lakh companies and identification of 37,000 shell firms for suspected generation of black money and money laundering, Prime Minister Narendra Modi on Saturday warned of...

Confused about GST rates, many refrain from doing business

New Delhi/Noida, July 1 (IANS) After the countrywide launch of the Goods and Services Tax (GST) on Friday midnight, many businessmen in Delhi-NCR on Saturday seemed confused about the new indirect tax regime, with some even refraining from buying and...

GST rollout to create one lakh jobs in three months, says Minister

Hyderabad, July 1 (IANS) Union Minister for Labour and Employment Bandaru Dattatreya on Saturday said with the rollout of the Goods and Services Tax (GST) across the nation, one lakh jobs will be created in the first three months. In addition, around...

India won’t see inflation under GST : Jaitley

New Delhi, July 1 (IANS) Denying that the newly launched Goods and Services Tax (GST) will lead to inflation, Finance Minister Arun Jaitley on Saturday said the prices of maximum items will either go down or remain unchanged. Jaitley also said India...

GST effect : Automobile companies reduce prices

New Delhi/Mumbai, July 1 (IANS) Several automobile companies have reduced their vehicle prices after the roll-out of the Goods and Services Tax (GST). Automobile majors like Maruti Suzuki, Jaguar Land Rover (JLR) and Audi India announced that they have...