GST, infrastructure status lift spirit of logistics companies

India’s logistics and supply chain sector is undergoing a wave of change as two big moves by the government—implementing GST and giving infrastructure status to the sector—has led companies to ascribe unprecedented importance to this aspect of business, making investments in it and hiring the best talent to steer it. “From GST the industry has […]

GST has ‘no let-up effect on tourism industry’

Implementation of Goods and Service Tax and demonetisation had not affected the tourism industry, said Anurag Gupta, Director of India International Travel Exhibition. Talking to The Hindu on the last day of a three-day exhibition here on Sunday, he said that the number of local tour operators in Madurai had doubled since last year, indicating that the […]

Thanks to GST, Telangana records revenue losses in October

HYDERABAD: Telangana state’s GST collections remain not much effected even as the overall collections at the national level dipped in October. Collections in October slipped to Rs 83,346 crore from over Rs 92,000 crore in September. The collections in Telangana too slipped by 160 crore and the same amount was compensated by the Central government. “We […]

ClearTax, Unicommerce tie-up to help online retailers get GST-ready

Since GST has changed tax rules for the e-commerce sector, it has now become necessary for all online marketplaces to adopt GST-compliant processes at the earliest. New Delhi: With the implementation of GST, India is moving towards a digitised economy. Spearheading this transformation is the e-filing website ClearTax, also the country’s biggest online tax platform, […]

EEPC for faster GST refunds, hails foreign trade policy

Kolkata, Dec 6 (PTI) The Engineering Export Promotion Council (EEPC) has hailed the mid-term review of foreign trade policy but called for faster clearance of the Goods and Services Tax (GST) refunds. “EEPC compliments the commerce ministry for a pragmatic mid-term review of the Foreign Trade Policy with the objective of improving ease of doing […]

FTP: Govt unveils Rs 8,450-cr package to revive exports after GST

The export package was approved by GST Council resolving the problem of blockage of working capital The Minister of Commerce and Industry Suresh Prabhu, while releasing the much-awaited mid-term review of the Foreign Trade Policy (FTP) 2015-20, said FTP will leverage the long-term advantages of the historic reform of the GST, in terms of reduced compliance and logistics costs […]

GST made doing business easier for traders, says Arun Jaitley

New Delhi, December 1 Finance Minister Arun Jaitley on Friday said the Goods and Services Tax (GST) had made doing business easier for traders by expanding the market place and reducing tax compliance burden. He said the two structural reforms–GST and demonetisation–would benefit the economy in the medium and long-term.“GST has made doing business and […]

Like GST, we need a similar effort for agriculture: Siraj Hussain

In a chat with ET Now, Mythili Bhusnurmath , Consulting Editor and Siraj Hussain , Former Agriculture Secretary, discuss how the kind of reforms which the country demands, which the financial press demands, which the media demands for industries, the same kind of intensity is not seen for reforms in agriculture sector. The economy is bouncing back, growth engines […]