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  • Punjab Haryana assured of purchase tax loss compensation

    Accounting Industry News.Net

    The Centre on Wednesday assured the states of Punjab and Haryana that it would compensate them if they incurred any losses due to purchase tax getting subsumed under the GST regime as provided in the ...

  • State finance ministers to meet on Thursday

    Accounting Industry News.Net

    The two-day meeting of the empowered committee of state finance ministers, starting here on Thursday, will be a crucial one as the Lok Sabha gave its nod to a pan-India goods and services tax regime, ...

  • Sonia attacks Modi says government anti-farmer arrogant

    Accounting Industry News.Net

    Congress president Sonia Gandhi on Wednesday mounted a strong attack on Prime Minister Narendra Modi, saying his government had poisoned political discourse, was "anti-farmer" and "arrogant" and "a ...

  • India Inc hails GST Bill passage hopes for Rajya Sabha nod

    Accounting Industry News.Net

    India Inc was on Wednesday elated that the Goods and Services Tax (GST) Bill had secured passage in the Lok Sabha and hoped that it will get the nod from the Rajya Sabha besides winning the ...

  • Indian cellphone market shrinks by 15 percent

    Accounting Industry News.Net

    Unit sales of mobile handsets in the Indian market declined by 15 percent during January-March 2015 even as Samsung continued to dominate the market, a study from a market researcher said on ...

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  • Cine stars and their encounters of the wrong kind

    Accounting Industry News.Net

    It's an industry known for glamour - and for close encounters of the wrong kind. With Bollywood superstar Salman Khan sentenced on Wednesday to five years in jail for a hit-and-run accident in 2002, ...

  • What will pan-India Goods Services Tax regime entail

    Accounting Industry News.Net

    The following are the salient features of the proposed pan-India Goods and Services Tax regime that was approved by the Lok Sabha by way of an amendment to the Constitution: - It will subsume ...

  • Key differences in two bills on Goods Services Tax

    Accounting Industry News.Net

    The original bill to amend the Constitution for introducing a pan-India Goods and Services Tax regime was moved by the United Progressive Alliance government in 2011. This bill lapsed. Here're the ...

  • Petroleum products alcohol excluded from GST regime

    Accounting Industry News.Net

    As a measure of support for the states, petroleum products, alcohol for human consumption and tobacco have been kept out of the purview of GST. Taxes on alcohol make up a major chunks of state ...

  • Australia seeks to stem exploitation of working holiday visa holders

    Accounting Industry News.Net

    The Australian government will examine the payslips of thousands of young foreigners with working holiday visas to check labour exploitation in factories and on farms, media reported Wednesday. The ...

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