-Livemint.com Farm economist and NITI Aayog member Ramesh Chand on the urgency of agricultural market reforms to meet the target of doubling farm incomes by 2022 New Delhi: Apart from staging protests in Delhi, farmers must make themselves heard in state capitals as well to resolve issues outside the central government’s control, farm economist and NITI Aayog member Ramesh Chand said. In an interview, he spoke of the urgency of agricultural market...
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GST rate cut: Union Cabinet gives nod, monitor will guard against profiteering -Aanchal Magazine
-The Indian Express The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers. New Delhi: THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST)...
More »Exclusion of farm tractors from category of 'non-transport vehicles' will hit farmers: Swaraj India
-The Hindu Business Line New Delhi: The Centre’s decision to exclude agricultural tractors from the category of ‘non-transport vehicles’ will have “severe implications” on the already distressed farmers of the country, said Swaraj India, a party founded by Yogendra Yadav and Prashant Bhushan, after breaking away from the Aam Aadmi Party. In a memorandum submitted to the Road Transport Minister Nitin Gadakri, the party has demanded more time for submission of objections...
More »Govt planning steps to ease GST compliance burden on SMEs: Hasmukh Adhia -Gireesh Chandra Prasad
-Livemint.com The simplification process may result in some readjustment of GST rates, including a possible reduction in tax of some items that are in the highest tax slab of 28% New Delhi: Policymakers are considering steps to ease the compliance burden related to the goods and services tax (GST) on small businesses and to make product classification for taxation less complicated, said revenue secretary Hasmukh Adhia. The simplification process may result in some...
More »Companies slash Diwali gifts by 35-40% due to demonetisation, GST: Assocham
-PTI An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said. A survey by industry chamber...
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