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

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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.