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India's Merchandise Trade Deficit Grew To $20.67 Billion In July
India's merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday, according to Reuters. Economists expected a July trade deficit of $21 billion, according to ...
You Can Be A CrorePati If You Pay GST On Purchases
As another way to mitigate leakage in GST collection, the government has decided to incentivize those who pay GST on purchase of goods and services. So, simply if you ask your supplier of goods and services for the bill and pay ...
What is Gross Value Added?
In India, GDP is estimated by the Central Statistical Office (CSO). Under the Fiscal Responsibility and Budget Management Act 2003 and rules there under. The Ministry of Finance uses the GDP numbers to peg the fiscal targets. For this purpose, the ...
What Is E-Way Bill Under GST?
GST Council today headed by Finance Minister Arun Jaitley is reported to arrive at final rules pertaining to GST e-way or electronic-way billing system. As per an Economic Times report this billing system was reported to be implemented from October ...
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