Goods-and-service-tax Business Featured National 

Goods and Service Tax Council increases exemption limit for SMEs

The Goods and Services Tax (GST) Council in its 32nd meeting took the decision to reduce the tax and compliance burden on the small and medium enterprises, including increasing the threshold limit below which companies are exempt from Goods and Service Tax, extending the Composition Scheme to small service providers, and allowing small companies to file annual returns. On Thursday, Finance Minister Arun Jaitley announced that that the limit for eligibility for the Composition Scheme would be raised to an annual turnover of Rs.1.5 crore from April 1, 2019. He also added…

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Air-India-Truecolumn Business Featured National 

Government Eyes about Rs.7,000 crore from Air India sale

The government is keeping an eye around USD 1 billion (about Rs.7,000 crore) from the sale of national carrier Air India in the next financial year, said the government official on Wednesday. The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would work towards selling some of its subsidiaries and monetise assets. Air India has a debt burden of Rs.55,000 crore. Last year in November,  The Finance Minister Arun Jaitley had approved transferring Rs.29,000 crore debt to…

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