-IANS NEW DELHI: Imposition of 18 per cent rate on pesticides under the Goods and Service Tax (GST) system has become a cause of worry not only for farmers but crop protection product manufacturers as well. Manufacturers say it will increase agricultural input costs, putting additional burden on farmers as use of pesticides is essential owing to its role in controlling pest and increasing productivity. As the current farming season is at...

-The Hindu Business Line Uses SFT to identify people who made high cash deposits during demonetisation period New Delhi: In hot pursuit of black-money hoarders who may have made high-value cash deposits during the demonetisation window, the Income Tax Department has identified an additional 6.6 lakh people in the second phase of Operation Clean Money. The Central Board of Direct Taxes (CBDT) has harvested information from the Statement of Financial Transactions (SFT) to...

Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

-The Hindu It’s complex than elsewhere both in terms of number of rates and jurisdictions The form of Goods and Services Tax being implemented from July 1 is uniquely Indian, according to former Planning Commission member and former Chairman of the National Statistical Commission Pronab Sen. In an interview to The Hindu, he says the indirect tax regime will make it easier to start a new company, but increases complexity for those...

-The Times of India NEW DELHI: The government said on Saturday that filing income tax returns and applications for permanent account number or PAN cards will, from July 1, mandatorily require Aadhaar cards, or at least the applicant's enrolment number for the unique identity (UID). The order came a day after the Supreme Court upheld the law, Section 139AA of the Income Tax Act, that mandates the possession of Aadhaar cards...