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Arun Jaitley

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Retail industry reacts to the Union Budget 2018

Charu Lamba -
In his last full budget before general elections in 2019, Finance Minister Arun Jaitley reduced corporate tax for 99 percent of the companies to 25 percent. In keeping with his earlier announcement of reducing corporate taxation rate to 25 per...
Retail

Budget 2018: Corporate tax cut to 25 pc for firms with upto Rs 250 cr turnover

IANS -
In line with its promise of cutting Indian corporate tax in a phased manner, the Government on Thursday announced that it would be reduced to 25 percent from the coming fiscal for companies which had a turnover up to...
Retail

Budget 2018-19: What will be cheaper, what will be dearer

IANS -
In his last full budget before the general elections in 2019, Finance Minister Arun Jaitley raised the customs duty on items like cars and motorcycles, mobile phones, vegetable and fruit juices, and perfumes making them more expensive. At the same...
Retail

Key highlights of Budget 2018 for the retail industry

Indiaretailing Bureau -
Highlights of the Union Budget for 2018-19 presented in the Lok Sabha by Finance Minister Arun Jaitley on Thursday: - Allocation in food processing ministry doubled to Rs 1,400 crore from Rs 715 crore - MSMEs sector gets Rs 3,794 crore...
Retail

GST on 178 daily items reduced from 28 pc to 18 pc

IANS -
In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing...
Retail

GST to be launched on June 30 midnight in Parliament

IANS -
The new indirect tax regime -- The Goods and Services Tax (GST) -- will be launched at the midnight of June 30 in the Central Hall of Parliament in an hour-long event that will evoke memories of the Tryst...
Retail

GST to rollout on July 1, return deadline relaxed by 2 months

IANS -
The GST Council on Sunday unanimously agreed on a July 1 rollout of the Goods and Services Tax regime despite some pending issues, while relaxing the return filing deadline for the first two months, and approved the rules on...
Retail

Council to discuss revision of GST rates on more items

IANS -
The Goods and Services Tax Council will hold its next meeting, chaired by Finance Minister Arun Jaitley, on June 18 to discuss revision of GST rates on some more items and approval of draft rules. Jaitley will chair the 17th...
Retail

Textile industry urges GST Council to lower service tax

Indiaretailing Bureau -
Textile industry has urged the GST Council to lower the service tax on job work related to made-ups and garment sector, saying the proposed 18 per cent tax would escalate the prices of final goods making them uncompetitive in...
Retail

New textile policy to be finalised in next three months

Indiaretailing Bureau -
The much-awaited new textile policy is likely to be finalised in the next three months, a senior official said. "After consultation is done with stakeholders we have finalised the draft. We are now trying to incorporate international response and output...
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DLF to invest Rs 1,700 crore in building a new mall in Gurugram

DLF is likely to start construction of its new 25 lakh square feet shopping mall in Gurugram this quarter ...
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