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Latest Articles in tax reforms

Impact Of Budget 2018 On Salaried Class

While leaving the income tax slabs unchanged, the budget saw the introduction of a standard deduction for salaried employees in lieu of the reimbursement of medical expenses and conveyance allowance, and an increase in education cess by 1%

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Recent Tax Reforms Hold Promise for India’s Economy: India Inc

Despite the resistance, the changes have already helped to improve the efficiency of doing business in some sectors

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Dynamic GST Regime Requires Corporations To Adopt Agile Solutions

As the GST regime evolves, changes will be inevitable. Hence, only those who are infrastructurally ready to adapt to changes and modifications around rates, processes and systems will ultimately be able to fully garner the multiple benefits that GST offers

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Impact On MSMEs

“A new tax reform can be an opportunity to re-engineer business demographics"

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Donald Trump Seeks Removal Of Barriers For US Exports To India

India is the US ninth largest trading partner with the total two-way trade $67.7 billion last year, as per USTR figures. It is loaded in favour of India, which runs a surplus of $24 billion.

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GST Council Finalises Tax Rates On 80-90% Goods, Services

The GST Council on Thursday finalised tax rates on 80-90 per cent of goods and services under the four-slab structure with essential items of daily use being kept in the lowest bracket of 5 per cent

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GST Council Meets To Fit Rates, States Come Up With Wish-list

The all-crucial meeting of the GST Council to fix tax rates for goods and services got under way here today, with states pitching for their preferred rates for select items

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GST Council Meet Today To Fix Rates On Goods, Services

The tax that 1.3 billion Indians will pay on buying salt to luxury cars and on services like phone calls to dining out will be decided at the GST Council meet starting Thursday in Srinagar, where a tight security cover has been thrown in view of recent protests

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GST Scheduled For July 1 Rollout, Says Jaitley

The Goods and Services Tax is on schedule for implementation from July 1 and will not lead to any significant increase in prices of goods although cost of some services may see a marginal hike, Finance Minister Arun Jaitley said

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Debate Over Reforms Dissipating As Poor Benefit, Says FM Arun Jaitley

Finance Minister Arun Jaitley on Tuesday said the whole debate over the political cost of economic reforms has dissipated with the benefits reaching the deprived sections of society

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GST Not To Be Inflationary, Says Hasmukh Adhia

In an exclusive interview with BW Businessworld’s Suman K Jha, Union Revenue Secretary Hasmukh Adhia answers a range of questions on GST, and says there’s no reason to believe that GST will stoke inflation

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Make Arrangements For Speedy GST Rollout: PM Modi To States

Prime Minister Narendra Modi on Sunday said the states should make legislative arrangements "without delay" for GST rollout from July 1

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GST Reform An 'Act Of Courage', Says IMF Chief Christine Lagarde

Describing the ongoing Goods and Services Tax (GST) reform as an "act of courage", IMF chief Christine Lagarde has said she expects "some positive outcome" as a result of the decision

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Centre, States Taxmen To Decide Services Rate In GST This Week

Tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the Goods and Services Tax regime from July 1

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GST Coming July 1 Despite Calls For Delay, Says Revenue Secretary Hasmukh Adhia

India's most ambitious tax reform since Independence would transform its $2 trillion economy and market of 1.3 billion people into a single economic zone with common indirect taxes -- something that neither the European Union nor the United States can boast

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