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Apple may have to wait for GST rollout, says Sitharaman

Commerce and Industry minister Nirmala Sitharaman said Amercian phone-maker Apple's demand for tax incentives to set up a manufacturing unit in the country will have be looked at after the Goods and Services Tax (GST) is rolled out. "GST will...

Food processing sector unlikely to be adversely impacted under GST

Food processing industry is unlikely to have any adverse impact in terms of taxation under the proposed GST regime as the sector will continue to be taxed at existing rates, a top Food Processing Ministry official said. According to a...

Amazon India introduces ‘A-Z GST Guide’ programme

E-commerce major Amazon India has come out with a new programme for sellers to get insights and help related to the goods and services tax (GST), which is set to be rolled out from 1 July. According to a PTI...

E-commerce firms to pay up to 1 per cent TCS under GST

E-commerce firms like Snapdeal and Amazon will have to mandatorily deduct up to 1 per cent tax collected at source (TCS) while making payments to their suppliers under the goods and services tax (GST) regime which is expected to...

Council approves all five draft bills for GST

With the Goods and Service Tax (GST) Council on Thursday approving the remaining two draft bills -- UTGST (Union Territory GST) and SGST (state GST), all the five enabling draft bills stand approved to enable a likely rollout of...

GST on track, to be implemented from July 1: Jaitley

Giving a clear roadmap for its implementation, Finance Minister Arun Jaitley on Saturday said that the Goods and Services Tax (GST) was on track and July 1 was going to be the likely rollout date of the new indirect...

GST to come into effect from July 1: Economic Affairs Secretary

The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday. "GST should be implemented by July 1. All states have agreed...

Snapdeal launches GST Guru initiative to train sellers on GST roll out

Snapdeal, India’s largest online marketplace, has announced the launch of GST Guru, a program which will include a range of initiatives to help prepare the sellers on its platform for the impending GST reforms, expected to roll out this...

Retail, warehousing saw increased Private Equity interest in 2016

Apart from the favourite asset classes of office and residential, private equity (PE) has been taking increased interest in warehousing, logistics and retail real estate. PE investors and overseas developers are already looking at opportunities to enter India’s industrial...

FMCG major Dabur does not see strong growth tailwinds in the next few months

Trying to shake off the effect of demonetization and remaining cautious on the GST overhang, FMCG major Dabur does not see strong growth tailwinds in the next few months, saying it will take longer for the trade to re-balance. "One...
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Future Consumer narrows down Q1 loss to Rs 15.8 crore

It had reported a net loss of Rs 24.40 crore in the April-June period a year ago, according to...
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