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Ice cream, tobacco makers can't opt for GST composition scheme

Ice cream, pan masala and tobacco manufacturers cannot opt for GST composition scheme under which businesses are allowed to pay lower tax rate if their turnover does not exceed Rs

Allahabad Bank seeks to raise Rs 2000 crore fiscal

Public sector Allahabad Bank today obtained shareholders’ nod in to raise equity capital aggregating up to Rs 2000 crore through different modes like QIP, FPO or a rights issue.
MD

Facebook crosses 2-billion users mark

As many as two billion people across the world now use Facebook to connect with their friends, with over 800 million of them engaging on the platform everyday.
"As of

Sharing details of PM's meeting on GST would affect India's economic interest: PMO

The Prime Minister's Office (PMO) has refused to share information about a meeting chaired by Narendra Modi on the Goods and Services Tax, saying it would affect the country's "economic

Centre, states consensus likely on including natural gas under GST

The centre and states may agree to include natural gas in the goods and service tax (GST) regime ahead of other petroleum products if a suggestion from the petroleum ministry

GST: Implementation advantage for larger companies

Purely from a taxation perspective GST is likely to be neutral.
There are concerns surrounding large categories – such as real estate where the industry’s communication to consumers

In race to July 1 launch, suvidha providers yet to get on board

The second batch of GST Suvidha Providers (GSPs) may not be ready to offer their services to small businesses soon after the rollout of new indirect tax from July 1

China protests Indian troops crossing border

China has accused Indian border guards of crossing into its territory from Sikkim, located on the northeastern border with Tibet, the Chinese foreign and defence ministries have said, complicating an

RBI on alert as foreign stake in AU nears 49%

A day ahead of its IPO, AU Small Finance Bank has been placed under the caution list by the Reserve Bank to monitor the foreign shareholding of the company, which

War room at FinMin to address likely GST tangles

With only three days left for the rollout of GST, finance minister Arun Jaitley has cautioned that businesses could face some or other difficulties in the initial days even as

  • The March 11, 2011, Japan earthquake was responsible for shortening the day on earth by 1.8 microseconds.


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