GST Review: FFFAI urges for more clarity on services sector

With the Country  inching towards a firm and transparent indirect tax mechanism with introduction of GST a year ago, it is necessary to contemplate the effects and issues still remaining in the system, for the larger interest of the industry as well as the common people, as envisaged by the Government. The Federation of Freight
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NEW DELHI: The Steel Ministry has suggested two options to the Commerce Ministry for the latter’s meeting with the United States Trade Representative (USTR) for resolving the issue of 25 per cent import tariff on steel imposed by the US. Stating that the US move could lead to cross dumping into the Country, the Ministry
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Union Minister for Shipping, Road Transport and Highways Nitin Gadkari will visit Visakhapatnam and the port soon to inaugurate several projects, according to Visakhapatnam Port Trust Chairman MT Krishnababu. Briefing the media on the Minister’s visit here, Krishnababu said several major projects had been taken up in recent years at the port in the public-private
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June 20, 2018: The Ministry of Road Transport & Highways has identified about 300 projects for completion by March 2019. Of these, about 100 projects are likely to be completed by December 2018. Addressing media persons in New Delhi, Union Minister for Road Transport & Highways Nitin Gadkari informed that he along with MoS Mansukh
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The Commerce Minister Suresh Prabhu recently said he is expecting around 20 per cent growth in exports in June. In May, exports recorded over 20 per cent growth and it looks like June will also be the same, he said. The Minister was addressing exporters on preparing strategy to add 100 billion dollar to India’s
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The Chennai & Ennore Steamer Agents Association (CHENSAA) organised its 62nd Annual General Body Meeting (AGM) on June 22, 2018 at Hotel Ramada Chennai, Egmore. A note released by the Chairman, Mr Y. Leeladharan, in the AGM, said that many points were discussed which would suitably be taken up with the respective authorities of the
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According to a report, work on the Varanasi river terminal of the Ganga Jal Marg Vikas Project, aided by the World Bank, will be completed this year well ahead of schedule. In a recent assessment, the Bank showed its satisfaction with the progress of the Rs 5,369-crore project. An ambitious infrastructure project of the government
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The Finance Secretary, Mr Hasmukh Adhia, has said that new GST return forms would be introduced from January 1 after successful beta-testing of the software. He said wrong input tax credit claims are a potential area of evasion in the Goods and Services Tax (GST) regime and one-to-one invoice matching is the key to checking
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 This month APM Terminals India Pvt. Ltd became one of India’s first Inland Service providers to receive the internationally recognized security standard, Authorized Economic Operator (AEO) from the World Customs Organization. The aim of the AEO program is to prevent unlawful trade across borders and facilitate legitimate trade designates. The AEO certification acknowledges APM Terminals
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Mr Subhash Chandra Garg, Secretary, Department of Economic Affairs, Ministry of Finance, government of India, has said that India will benefit from the European Bank for Reconstruction and Development (EBRD) membership in the Central Asia and Eastern European regions. He was speaking at the EBRD-FICCI Business Forum on the theme ‘Mobilising private sector finance in
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