On July 1, 2017 a new tax regime, in the works since over 15 years, designed as 'One Nation, One Tax', went live! Its impact on infrastructure will resolve future litigation in this area and although will mean higher tax, will also allow input tax credit in many categories.
Tag: GST
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Don’t stymie equipment & technology
The recent inauguration of India's longest bridge above water, the 9.15 km Dhola-Sadiya bridge by PM Modi coincided with the completion of three years of his government in office.
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Reviving growth and job creation key priorities, says CII President
“(The) industry is completely ready for introduction of the landmark tax reform from July 1, 2017. CII has been calling for a single national tax for the last ten years and we will try to make its implementation as smooth as possible,” said the CII President.
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Bihar becomes second state to pass GST Bill
The Bihar Goods and Services Tax (GST) Bill, 2017 has been passed by the stateÂ’s legislature. Bihar has become the second state after Telangana to adopt the new tax regime.
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CV growth to moderate to 5-6percent in FY2017 | ICRA
The domestic commercial vehicle industry growth has moderated from 11.5 per cent growth in FY2016 to 3.5 per cent in the 11 months of FY2017, according to the latest report of rating agency ICRA. The sector is expected to close the fiscal with a growth of 5 to 6 per cent.
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Real-estate players developers welcome GST implementation
Real-estate developers have welcomed the implementation of Goods and Service Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market. The government has always made it clear that leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting GST.
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Real estate developers welcome GST implementation
Real estate developers have welcomed the implementation of the Goods and Services (GST) Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market.
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Toll-operate-transfer scheme may net Rs 40,000 crore | CRISIL Research
CRISIL Research estimates that the first 75 operational highway projects tendered under the toll-operate-toll (TOT) model may fetch around Rs 40,000 crore, much lower than what the government had initially estimated.
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Delhi Government asks CII to collaborate for a GST Call Centre
The Confederation of Indian Industry (CII) organised its Delhi State Annual Session and a business conference. Manish Sisodia, Deputy Chief Minister, Government of NCT of Delhi, inaugurated the business conference. He said, “The upcoming GST will be a tsunami of tax reforms and the small medium sector of Delhi might struggle to understand its fundamentals.”
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OECD signs MoU with CII for greater collaborative work
“India, with a 7 per cent growth rate, is flowing against the tide despite the difficult economic environment prevailing across the world,” said Angel Gurria, Secretary-General of the Organisation for Economic Cooperation and Development (OECD).