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GST exemptions may cost govt up to `8K cr

DNMUM429750 | 1/11/2019 | Author : Sanjay Jog | WC :492

Mumbai: The government may lose about Rs 5,200 crore annually following the GST Council’s decision to double the exemption limit for payment of goods and services tax (GST) to Rs 40 lakh by micro, small and medium enterprises (MSMEs).
Besides, the government may also have to take hit of another Rs 3,000 crore, according to a GST Council member, who did not want to be named. This would be on account of the revision in GST Composition Scheme that can be availed of by small traders and businesses having a turnover of Rs 1.5 crore, up from the earlier Rs 1 crore, and making service providers and suppliers of both goods and services up to a turnover of Rs 50 lakh eligible to for GST Composition Scheme and pay a tax of 6%.
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You may lose tax benefit on your life insurance policy if it lapses
DNMUM430047 | 1/16/2019 12:00:00 AM | Author : Balwant Jain | WC :585

This is the time of the year when most salaried employees start planning their tax-saving investments. Though the purpose of life insurance is to provide risk coverage, it continues to be a preferred option for tax saving. Tax laws allow you certain
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Stagger investments in ELSS till end-March
DNMUM430048 | 1/16/2019 12:00:00 AM | Author : Kumar Shankar Roy | WC :953

The water cooler chat in most offices today would be around submitting proof of tax-saving investments. Despite reminders from the Human Resource department most employees tend to wait till the last minute to do their tax-saving investments and hence
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DNMUM430049 | 1/16/2019 12:00:00 AM | Author : Priyanka Golikeri | WC :705

“What’s in a name?,” wrote William Shakespeare. A lot, as far as brands go. And in this age of the digital economy, there has been a stupendous rise in brands with names similar to those of established ones. Most of us know about the online travel

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Mobile users can access WiFi services from BSNL hotspots
DNMUM430051 | 1/16/2019 12:00:00 AM | Author : Mansi Taneja | WC :373

Mobile consumers across telecom players will be able to access WiFi services on their smartphones from hotspots being set up by state-run telecom player BSNL.BSNL is the first telecom player to offer such a service as it looks to generate addition

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