The most crucial tax reform since Independence, GST aims to iron out a multilayered indirect tax system and usher in a uniform tax structure. This development augurs well for the infrastructure sector.
Tag: infrastructure
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Many players have not yet started serious efforts to gear up for GST
The infrastructure industry has to gear up for the GST implementation considering significant changes in the proposed tax structure for this sector.
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Clearing the Tax Clutter
India has a unique indirect tax landscape for the infrastructure sector. While the sector enjoys a plethora of concessions and exemptions, the very nature of the contracting structure is troubled with a large amount of complexities, more so on the EPC contracting side.
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Most complex tax regime by far
The macroeconomic aspects of GST havenĆĀ“t been taken into account. If the government says that it will collect more revenue, then that means that prices will have to rise because itĆĀ“s an indirect tax. If prices rise, then industrial output would tend to stagnate or decline.
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Growth Stimulus Treatment (GST)
That our countryĆĀ“s GDP growth rate is going to get a bump-up if the Goods and Services Tax was to be implemented, is a consensus among many experts, as well as the industry bodies, although they may differ regarding the extent of push GST is likely to give our economy, with the quantum suggested varying from 1-3 per cent of incremental increase in growth
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October land allotments in $100 bn DMIC project
The $100-billion Delhi Mumbai Industrial Corridor will kick off land allotments next month. Global investors like Ikea, Kia Motors and China Railway Construction Corp are eyeing acquisitions, reports Economic Times.
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Mohali to get 5 new power grids, updated transformers
To address the problem of low voltage and power fluctuations in Mohali, five new grids would be set up by end of next year. Five grids of 66 kV capacity would be installed at several locations in town to enable even and sufficient electricity supply.
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Amritsar tops the list of 27 new Smart Cities
Amritsar has topped the list of 27 new Smart Cities announced by the Minister of Urban Development M Venkaiah Naidu. Eight other cities of pilgrim and tourism importance that made it to the third list of Smart Cities are: Ujjain, Tirupati, Agra, Nashik, Madurai, Thanjavur, Ajmer and Varanasi.
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Country Roads, City Roads, and the Roads in between
Many of us know that the celebrated economist John Maynard Keynes famously said that (in times of slowdown) the government should pay people to dig holes in the ground and then fill them up
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Binani Group to invest Rs.10,000 cr in West Bengal
Binani Group of Braj Binani, which has presence across India, East Africa, China, Indonesia and the UAE, has lined up around Rs.10,000 crore investments in cement, power and infrastructure, including ports, in Bengal.