NEW DELHI: India is eyeing several changes to the electronic-way bill system, ranging from auto calculation of distance for movement of goods to barring businesses from generating multiple e-way bills based on one invoice, as it cracks down on evasion in the goods and services tax (GST) framework.
Mechanism to transfer unutilised input tax credit, liabilities specified
A decline in overseas demand from major markets like the UAE has raised concern that India's apparel exports, which is a major foreign exchange earner for India, are slowing down for good.
The Indian rupee on Friday strengthened marginally against the US dollar, tracking gains in Asian currencies and optimism about a US-China trade deal.
The Finance Ministry is making a last-ditch effort to get close to the direct tax target of Rs 12 lakh crore, said a news agency report on Thursday.
Chairman CITI, Sanjay Kumar Jain welcomes the Government’s decision to reduce the Hank Yarn Obligation (HYO) from 40% to 30% of the total weaving yarn produced for domestic consumption.