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  Business   Economy  21 Jun 2017

Business, Economy, 21 Jun 2017

Courier companies say e-way bills defeat the GST spirit

Rs 20,000-crore industry will end up doing 10 crore e-way bills per day for their 3 crore parcels.

21 Jun 2017 8:07 PM

Retailers need to file single GST return every month

Details from the suppliers in GSTR-1 automatically gets updated in the GST Return-2 (GSTR 2) of the purchaser.

21 Jun 2017 7:36 PM

Saudi govt imposes 'expat tax'; 41 lakh Indians and their kin affected

This levy will witness an upward revision every year, thus, taxing the lives of the 41 lakh Indians and their kin..

21 Jun 2017 5:31 PM

All states sans J&K pass SGST Bill to meet July 1

Two states Kerala and West Bengal have issued an ordinance to approve SGST Act.

21 Jun 2017 3:48 PM

Bank credit sees growth at 6.02 per cent to Rs 76,58,212 crore

Bank deposits grew at 11.19 per cent to Rs 105,77,947 crore from Rs 95,13,148 crore in the fortnight ended June 10, 2016.

21 Jun 2017 3:18 PM


Hotel industry welcomes revised GST slab on hotel rooms

Tax rate for air-conditioned restaurants, including restaurants in five-star hotels will have GST at 18 per cent.

21 Jun 2017 2:33 PM

NCLT okays RCap shareholders' meet for listing Reliance Home Finance

Listing of Reliance Home Finance is expected to be completed by September, Reliance Capital said.

21 Jun 2017 2:07 PM

Fundraisers become expensive affair for NGOs, clubs post GST

A number of non-profit clubs and NGOs reckon that GST could mean double taxation for them.

21 Jun 2017 1:48 PM

Govt allows banks to deposit old notes with RBI

Cooperative banks have also been allowed to exchange old currency notes with the RBI.

21 Jun 2017 1:07 PM

30-day relief for Maharashtra co-ops as RBI allows deposit of old notes

Report says district cooperative banks can seek new notes as a replacement of old ones.

21 Jun 2017 11:39 AM


GST will be harder for regional language films

Increased tax will add another blow to an industry already struggling to attract audiences to cinemas.

21 Jun 2017 10:59 AM

Commerce Ministry addresses exporters' concerns abuout GST

Exporters have raised issues pertaining to timely refund of duties under the new indirect tax regime.

21 Jun 2017 10:26 AM

Govt notifies 18 sections, 2 rules for GST rollout

As a precursor to GST, CBEC has also notified two rules -- registration and composition levy.

21 Jun 2017 10:15 AM

RBI to fulfil currency demand of Telangana: Bandaru Dattatreya

RBI will ensure supply of another Rs 20,000 crore to Rs 25,000 crore to meet currency demand of Telangana.

21 Jun 2017 9:53 AM

Cabinet Secretary P K Sinha reviews GST preparedness

Sinha chairs a meeting attended by secretaries of 30 ministries connected with GST.

21 Jun 2017 9:49 AM


Telangana seeks slack from GST on flagship programs, beedis

Telangana government also requested the Centre to exempt GST to beedi and small and medium granite industries.

21 Jun 2017 9:32 AM

Shopkeepers scramble for July 1 GST rollout

Govt promises transition to a single, nationwide tax will streamline business and boost economy.

21 Jun 2017 9:07 AM

Housing credit dips 16 per cent in FY17

CRA expects affordable housing finance to continue to outpace the industry, going forward as well.

21 Jun 2017 6:13 AM