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From taxation being imposed on the manufacture or sale of goods and provision of services under the present system, it will move to GST being levied on supply of goods and services.

There are about 80 lakh excise, service tax and VAT assessees as present, of which 64.35 lakh have already migrated to the portal of GST Network -- the company readying the IT backbone for GST regime.

Transactions fees in financial services are likely to become more expensive in the new GST regime as they will now be subjected to 18% tax.

Tax rates have been finalised for 1,211 items with a majority of items being kept under 18 per cent rates.

One must always record daily transactions on a real time [...]

The labour ministry has amended the social security schemes run by EPFO so it can make digital payments

This could be purely coincidental. But the Goods and Services [...]

Private sector lenders have started extending short term credit to meet working capital needs for Ola, Power2SME, Flipkart, OYO, Zinka, Capital Float, investment banker-turned-entrepreneur Fulguni Nayar-owned Nykaa and many others.

Co-working spaces are popping up across Indian metros as well as tier-II cities, providing startups with flexible working options at affordable rents.

“We are ready for implementing it from July . The law is ready , the rules have been finalised and are in public domain and our IT infrastructure is ready ,“ said revenue secretary Hasmukh Adhia.

What can the current crop of startups that are staring [...]

Startups are not just about the next big idea. Startups [...]

The biggest taxation reform in the nation that came in [...]

Logistics firm GoJavas, which has suspended operations amid an impasse [...]

Kishore Biyani has been extremely critical of the business model [...]