To further consolidate the gains in order to make India a more attractive foreign direct investment (FDI) destination, the Government would ease local sourcing norms for FDI in Single Brand Retail (SBR) sector.
The Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman said that during the second refund fortnight, Rs. 6,087 crore IGST refunds and Rs. 1, 548 crore ITC refunds were sanctioned by CBIC.
NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax (GST) processes were being further simplified while adding that businesses with less than Rs. 5 crore annual turnover will need to file quarterly GST return.
Various industry bodies Friday welcomed the union budget presented by finance minister Nirmala Seetharaman.
While Finance Minister Nirmala Sitharaman in her maiden budget announced varied initiatives to incentivise MSMEs and startups, any direct reference to exports seemed amiss.
New Delhi, July 5 (KNN) The Budget presented by Finance Minister Nirmala Sitharaman will boost investment in key infrastructure which will help exports in a big way, said Chairman of Engineering Export Promotion Council (EEPC) India, Ravi Sehgal.