CBIC to act tough following lower-than-expected tax mop-up
In a bid to ease the flow of foreign funds into legitimate business activities, the government may soon ease restrictions on foreign direct investment (FDI) by joint ventures (JVs) or wholly-owned subsidiaries (WOS) of an Indian company without categorising such investments as "suspect" involving 'round tripping' of funds.
The Indian rupee appreciated by 19 paise to 71.59 against the US dollar in early trade on Monday tracking gains in domestic equity market and weakening of the American currency vis-a-vis other currencies overseas.
NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday held meeting with chartered accountants, traders and other stakeholders as part of efforts to further simplify Goods and Services Tax (GST) forms and make the filling process more user friendly.
NEW DELHI: Traders body CAIT on Sunday suggested the government to impose a "minimum operating price" for products, alleging that traders are at the receiving end of a pricing onslaught posed by e-commerce firms and brands in collusion with banks.
Ludhiana: In a shock to city businessmen, the notification of doubling the e-way bill exemption limit to Rs 1 lakh, which expired on September 12, has still not been renewed.