India's first post-GST Budget : Finance Minister Arun Jaitley will present India's first post-GST and the current government's last full Budget on February 1. This will be Jaitley’s 5th Budget in a row.

The country’s six-month old revamped indirect tax system is set to undergo significant changes, which will include simplification of return filing process, amendment in laws and rules to simplify procedures, along with rate cuts of around 70 goods and services.

Spoilt for choice: Buyers at the handloom expo in Bhubaneswar on Tuesday. Picture by Ashwinee Pati 

UrbanClap and Housejoy have seen business take a hit due to the 18 percent GST imposed on housekeeping services booked online. The heads of the companies are hoping for a change in the GST rate when the GST Council meets on January 18. 

The government may try to put in place rules to check tax evasion but trust ingenious businessmen to come up with ways to beat it. That's precisely what's happening with goods and services tax (GST), where protests by traders have forced the government to go slow on enforcing several elements, such as matching of sales and purchase invoices and electronic way bill, that were meant to plug evasion.

Baba Ramdev-promoted Patanjali Group is planning to roll out its textile portfolio in the Indian market by November 2018 -- around Diwali.