New Delhi, May 24, 2017

Markets regulator Sebi today allowed mutual funds, alternative investment funds and portfolio managers, operating in international financial services centres (IFSC), to invest in securities listed in such centres. Besides, they are permitted to invest in securities issued by companies incorporated in IFSC, Securities and Exchange Board of India (Sebi) said in a circular.

New Delhi, May 23 2017

The government on Tuesday clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India.

New Delhi, May 23 2017

Power Minister Piyush Goyal today said he "will not allow" any company to come to India from a country that does not permit an Indian firm to do business there -- a warning seen to be targetted at China.

New Delhi, May 23, 2017

The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public.

New Delhi, May 23, 2017

Two Delhi based brothers and some political entities are linked to the money laundering case

A Delhi court today sent a chartered accountant (CA) to three-day custody of the Enforcement Directorate after the agency arrested him in connection with a Rs 8,000 crore money-laundering racket.

Bengaluru, May 22, 2017

With the advent of the Goods and Services Tax (GST), the filing of returns by businesses will become more cumbersome.

Dehradun, May 22, 2017

In an attempt to create ideal investment climate for investors, Uttarakhand Government has empowered district magistrates to give clearance to projects worth up to Rs 10 crore.

New Delhi, May 22, 2017

The Central Board of Direct Taxes (CBDT) has signed two more unilateral Advance Pricing Agreements (APAs).

The two APAs signed pertain to chip design/development of embedded software and information technology (software development) sectors of the economy.

May 22, 2017

If the potential of the goods and services tax reform is to be realized, then the GST Council has more work to do in its last meeting scheduled early next month

As anyone who’s attended an Indian wedding knows, we far too often leave vital organizational tasks till the last minute, then tackle them all in an enormous, frenetic rush.

New Delhi, May 22, 2017

The government has decided to take a gradual approach to do away with exemptions available under the current indirect tax regime while ushering in GST in a phased manner to ensure the tax reforms don't hit multiple hurdles.

New Delhi, May 22, 2017

The Reserve Bank of India (RBI) is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.

Srinagar, May 22, 2017

Now that GST rates for over 500 services and 1,200 goods have been finalised, the clamour to get petroleum products in the Goods and Services Tax (GST) net is growing, with the first salvo being fired by Jammu and Kashmir.

Mumbai, May 21, 2017

Maharashtra Minister Deepak Kesarkar today informed the Legislative Council that the continuation of VAT on petroleum products and alcohol will be decided by the Goods and Service Tax Council in the next five years.

New Delhi, May 21, 2017

The government has initiated the spadework for shifting the financial year to January, from April, to align it with the agriculture production cycle.

New Delhi, May 20, 2017

India on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts said could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy.

New Delhi, May 20, 2017

The Council is yet to decide on exempting MSME exporters

 The Goods and Services Tax (GST) council have accepted the Commerce Ministry's suggestion of refunding 90 per cent of exporters' claims on incentive schemes within the first 10 days.

New Delhi, May 20, 2017

Five key messages from GST Council's 14th meet and three thoughts on what future looks like for GST

The Goods and Services Tax (GST) Council on Friday concluded its 14th meeting in Srinagar, Jammu & Kashmir, and there now are five broad messages coming out loud and clear.

New Delhi, May 20, 2017

E-commerce consumers are likely to remain unaffected once GST sets in from July 1, even as players like Amazon and Flipkart prepare to deduct 1% of the payment they make to sellers under the new tax regime.

Srinagar, May 19, 2017

Input tax credits for firms will ensure consumer costs won’t go up: Jaitley

A bulk of services will be taxed at the standard rate of 18 per cent under the four-tier rate structure for services that the GST Council finalised for taxing services.

Mumbai, May 18, 2017

A PCE enhances the credit rating of bonds and hence, enables corporates to raise more resources from the bond market at better terms.

May 19, 2017

In a potential good news for the cinemagoers, the GST will subsume present entertainment tax and service tax to replace it with a single 28% tax, Finance Minister Arun Jaitley said on Friday.

Srinagar, May 19 2017

The all-powerful GST Council today finalised tax rates for services under the Goods and Service Tax (GST) regime, scheduled to kick-in from July 1.

New Delhi, May 19, 2017

Transactions between related parties will now be valued at 90% of the market value

On Thursday, the GST Council approved all eight rules, clearing the ground for the rollout of the goods and services tax (GST). A preliminary reading of these rules reveals three significant changes.

New Delhi, May 19 2017

ED registers a money laundering case against Karti Chidambaram, son of ex-finance minister P.Chidambaram, and others