A senior finance executive in a private equity firm was visibly worried after he got a call from goods and services tax (GST) officer. The officer on the other end wanted to know more about the construction business that the company was involved in. It took some time for the executive to explain that the word "stone" in the brand name had nothing to do with the business the firm was into. 

Economic growth in 2017-18 is estimated to slow to a four-year low of 6.5 per cent, against 7.1 per cent in 2016-17. This will be the lowest growth rate under the BJP-led National Democratic Alliance, largely because of the adverse impact of the goods and services tax (GST) and the lingering effects of demonetisation.

Hyderabad: The single tax regime- GST blues are haunting Telangana. The state government is grappling hard to prepare the budget proposals for the ensuing 2018-19 financial year, as the revenue collections under GST have gone down against the estimations ever since the new tax regime came into force on July 1, last year.

India’s growth rate may accelerate this year to reach 7 per cent in 2018-19 and 7.6 per cent by 2019-20 as key sectors would revive from disruptions related to the goods and services tax (GST) and demonetisation, according to a research note by global financial services firm HSBC. Recent structural reforms will lead to brighter growth prospects beyond 2020. 

Following a demand by the Confederation of All India Traders (CAIT) to formulate a national policy for retail trade, Indian commerce minister Suresh Prabhu has agreed to formulate one to include all verticals of retail trade — small business, big retail, e-commerce and direct selling — under one umbrella, the confederation said in a statement. 

Stating that Goa has benefited more after the introduction of goods and services tax regime, Chief Minister Manohar Parrikar on Friday said   the state treasury will get Rs 500 crore to Rs 800 crore revenue through  the GST.