Banks to bear extra cost due to 18% GST on priority lending certificate

Banks to bear extra cost due to 18% GST on priority lending certificate Banks have to give 40% of net lending to priority sector such as agriculture, micro enterprises, weaker sections, etc A recent circular by the indirect tax department to impose 18 per cent goods and services tax (GST) for certificates issued on excess […]

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Rent on electricity meter comes under GST, move may draw criticism

Rent on electricity meter comes under GST, move may draw criticism The department also clarifed that retreading of tyres is a service, against the popular notion that it is both goods and servicesIndirect tax department has clarified that rent on electricity meter draws goods and service tax (GST), a development which is likely to draw […]

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India To Retain Its Position As Fastest Growing Economy In Coming Decades: Arun Jaitley

India To Retain Its Position As Fastest Growing Economy In Coming Decades: Arun Jaitley Finance Minister Arun Jaitley today exhorted confidence that India will retain its position of fastest growing economy in the coming decades like China did in the last three decades.”The way the situation in the world is changing there is a great […]

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RBI to bring interoperability for e-wallets within the promised time frame

RBI to bring interoperability for e-wallets within the promised time frame The Reserve Bank of India (RBI) is likely to stick to its target of making digital wallets interoperable by April despite allowing payment companies two additional months to comply with its customer verification requirement, said two bankers aware of the matter RBI extended its […]

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