Chandigarh, April 23, A Patiala-based textile exporter has been awaiting State Goods & Services Tax (SGST) refund for the past three months. The delay in refund has cascading effect on the working capital of the manufacturer and also on outbound shipments.
The Engineering Export Promotion Council (EEPC) of India on Tuesday raised concern over the recent announcement by the US President Donald Trump to withdraw India's name from the Generalized System of Preferences (GSP) program on March 5, 2019.
The Reserve Bank of India on Tuesday said it will buy government securities worth Rs 25,000 crore next month through two auctions of Rs 12,500 crore each.
India's GDP growth forecast for 2019-20 was lowered by multiple agencies recently. First, the ADB cut it to 7.2% from 7.6%. It was followed by the RBI’s cut to 7.2% from 7.4% and then by the IMF to 7.3%.
‘Waqf institutions are meant for charitable purpose; we will seek exemption’
The Telangana high court has rejected a writ petition challenging the imposition of interest on total goods and services tax liability including input tax credit, a ruling that has significant implications for industry.