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Popular Articles

Exemptions under dual GST are key challenges
One of the key challenges in the implementation of a Goods and Services Tax (GST) is with regard to exemptions from the tax for specified goods and services. In the Indian context, given the plethora of exemptions that currently exist in regard to numerous goods and services, under the respective Central and state laws, the challenge is a larger one. The matter gets complicated if one were to consider that in addition to the exemptions, there exist exemptions from the tax, both Central and State, that are based on the geographic locations of the manufacturing units. These are commonly known as area based exemptions.

Sugar mills to get more time for export obligation
The government today said it will allow sugar mills more time to comply with export obligations as the priority now was to meet domestic demand.

News of the day

GMR raising Rs 13,000 cr for power, road projects
In advanced discussions with many domestic lenders, including SBI, Axis Bank and IDFC for raising the debt.
Management

Jet back in black with Rs 106 cr profit in Q3

Private airline Jet Airways today posted a profit of Rs 105.80 crore for the third quarter ending December 31, 2009, the company said in statement here. - Monsanto India Q3 net rises 19% to Rs 15 cr - Tata Coffee Q3 PAT up 13.5% to Rs 14 cr - Voltas Q3 net up 86% to Rs 76 cr - LIC Housing Fin Q3 net up 14% to Rs 154 cr - India Cements Q3 net dips 44% to Rs 35 cr - Zydus Wellness Q3 net up 105% to Rs 14 cr For the same period last year, the company had posted a loss of Rs 214.8 crore. Net sales for the period under review declined to Rs 2,722.68 crore. It was Rs 2,908.87 crore in the corresponding period last year.


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