The GST Council is likely to consider next month a proposal for setting up a national bench of the Appellate Authority for Advance Ruling (AAAR) to reconcile the contradictory orders on similar issues passed by AARs in different states, a move aimed at providing certainty to taxpayers.
The RBI's 'Payment Systems Vision 2021' document would act as a catalyst for promoting digital economy and instill confidence among the general public, fintech companies say.
The state must play a greater role in creating manufacturing jobs. Setting up more textile SEZs is an option
India is looking to fight a lonely battle on global rules for e-commerce trade at the World Trade Organization (WTO) with close to 70 countries siding with the US to have a multilateral mechanism.
Companies can claim input tax credit (ITC) under the goods and services tax (GST) regime even if the liability to pay for inputs between them, including tax, is discharged through adjustments in their books, ruled an authority for advance rulings (AAR).
The Indian rupee opened higher by 73 paise at 69.49 per dollar on Monday morning against the previous close 70.22 after the exit polls predicted landslide victory for Modi-led Bharatiya Janata Party (BJP) in Lok Sabha elections 2019.