India’s Growth Rate of More Than 7% is The Strongest Among G-20 Countries OECD Survey.

The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD. The latest OECD Economic Survey of India 2017 finds that the acceleration of structural … Continue reading India’s Growth Rate of More Than 7% is The Strongest Among G-20 Countries OECD Survey.

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Input tax Credit on ATF: Aviation Ministry Suggest Ways to Compensate Airlines

GST regime for the time being, airlines will not be able utilise credit on taxes paid on ATF – a key input which comprises over 40 per cent Union civil aviation minister Ashok Gajapathi Raju said his ministry has suggested various alternatives to the finance ministry to help compensate airlines that cannot take tax consultancy firms in … Continue reading Input tax Credit on ATF: Aviation Ministry Suggest Ways to Compensate Airlines

GST to Ease Loan Access For Millions of Firms Using Digitalised Data.

The new unified indirect taxation in India system, which is scheduled to be implemented later this year, will bring in millions of unorganized businesses on one platform. This would effectively, Nilekani believes, help them get loans Nilekani pointed out, though the country has over 60 million businesses, fewer than one million are incorporated and only … Continue reading GST to Ease Loan Access For Millions of Firms Using Digitalised Data.

Startup Brace For Legal War With I-T

With startup fever having waned over the past year or so amid concerns over profitability and competition, valuations have declined sharply. Last month, the tax consultancy firms in Delhi department challenged such reductions at about 100 startups and issued orders seeking 33% tax at the elevated levels that prevailed earlier. Lets Recycle, an Ahmedabad based … Continue reading Startup Brace For Legal War With I-T