Airtel arm launches ‘GST Advantage’ for SMEs

Airtel Business, the B2B arm of telecom major Bharti Airtel, has launched Airtel GST Advantage — a solution designed to enable small businesses and start-ups to file their GST returns “accurately, securely and seamlessly.” Launched in partnership with ClearTax, Airtel GST Advantage is being offered free to all existing Airtel Business customers. Three-pronged solution Airtel […]

Over 12 lakh businesses apply for new GST registration, says revenue secretary

Over 12 lakh businesses have applied for fresh registration under the Goods and Services Tax (GST) regime, revenue secretary Hasmukh Adhia said. Of these, while 10 lakh applications for registration have been approved, 2 lakh are still pending approval. “The figure of new registrations approved in GST crosses 10 lakhs today. About 2 lakh applications […]

Apple iCloud Storage to Cost More in India Thanks to GST

Apple’s iCloud storage is getting a little pricier in India. The company, which recently updated the paid tiers of iCloud, informed customers in India on Wednesday about the price revision, which will be effective from August 21. As part of the price revision, the 50GB iCloud tier, for instance, will cost Rs. 75 per month, instead of Rs. […]

GST shakes business confidence of service providers

Business conditions in India’s services sector improved in June. The Nikkei Purchasing Managers’ Index (PMI), a monthly survey, showed that services PMI climbed to an eight-month high of 53.1 in June from 52.2 in the previous month. A reading above 50 indicates economic expansion, while a one below 50 points towards contraction. However, business confidence […]

GST a nightmare on Day1: Shops clueless, small businesses scramble

The goods and services tax (GST) proved to be a nightmare for small traders and businessmen on its first day. Shops and pharmacies in Mumbai, New Delhi and other cities scrambled to issue invoices under the new system.   Organised sector players such as Big Bazaar and DMart were ready to issue GST invoices from Friday midnight, the hour at which the new […]

Ready or not, businesses brace for GST

The official schedule of GST rates runs to 213 pages and has undergone repeated last-minute changes (Representative Photo) MEERUT: Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to […]