HONG KONG — April 29, 2019 — Returning for its third edition this June 3-5 in Shanghai is the China International Nonwovens Expo & Forum (CINE – supported by Techtextil), with around 100 exhibitors and 4,000 trade buyers expected to take part.
Tirupur: From May 1, India Post will increase working hours of its ‘Business Post Centre (BPC)’ to suit timings of late evening despatches of industrial units in the city.
NEW DELHI: The government is looking into a proposal from the Central Economic Intelligence Bureau (CEIB) to bring fraudulent input credit tax, claimed by companies generating fake invoices of Goods and Services Tax, under the stringent Prevention of Money Laundering Act (PMLA) by making it a predicate offence punishable with rigorous imprisonment.
GST officers are working on a system where businesses above a certain turnover threshold will have to generate 'e-invoice' on government or GST portal for every sale, thereby effectively reducing the room for tax evasion.
Indian economy will grow below its potential in 2019-20, according a report from the Hong Kong-based The Economist Intelligence Unit (EIU).
Going forward, businesses will be required to generate full electronic-tax invoice or e-invoice recording entire value of sales.