New Delhi: The Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna has written to Fast-Moving Consumer Goods (FMCG) companies asking them to immediately revise maximum retail price (MRP) on all products in line with the latest reduction in GST rates.

New Delhi: India has the ability to realize its economic growth potential of 8.5% per year, chief economic adviser Arvind Subramanian said in an interview, laying down two caveats for it to do so.

BENGALURU: While the Goods and Services tax (GST) has been hailed as a novel taxation model, providing equitable tax levy across the country, Karnataka appears to be increasing its borrowings due to the cap on compensation from the Centre, and delays in compensation payouts to the state.

BHOPAL: Madhya Pradesh State Skill Development Mission (MPSSDM) signed an MoU providing exclusive right to the National Institute of Fashion Technology (NIFT), Bhopal, to provide training to people in textile sector under the Mukhya Mantri Kaushalya Yojana (MMKY).

Tapestry Inc, a leading New York-based fashion company which owns Coach, Kate Spade and Stuart Weitzman brands, has opened its third Coach store in India.

The goods and services tax (GST) is a major indirect tax transformation and a complete overhaul of the way transactions are to be taxed. Additionally, compliances have become fully digitised. There are a plethora of issues that have emerged in the journey of GST implementation. The government is doing a stupendous job of clarifying issues and is eager to meet the industry, associations and trade bodies.