Gold Silver Reports – Union finance minister Arun Jaitley has said the Indian economy is set for a higher growth trajectory on the back of a slew of structural reforms.
GST
गोल्ड सेविंग स्कीम पर जीएसटी नियम बदला
Gold Silver Reports – Gold Saving Scheme – गोल्ड सेविंग स्कीम पर जीएसटी नियम बदला – ज्वेलर्स के यहां गोल्ड सेविंग्स स्कीम में हर महीने निवेश कर रहे हैं तो अब आपके लिए राहत की खबर है। ऐसी गोल्ड डिपॉजिट स्कीम्स पर अब हर महीने जीएसटी नहीं चुकाना पड़ेगा। इसकी जगह अब स्कीम पूरी होने के बाद या स्कीम बंद करते समय 3 फीसदी जीएसटी चुकाना होगा। जीएसटी काउंसिल का कहना है कि 3 फीसदी जीएसटी तभी लगेगा जब फाइनल बिल बनेगा।
Company Earnings Estimates Continue to be cut after September Quarter Results
Gold Silver Reports – Company Earnings Estimates Continue to be cut after September Quarter Results – Corporate earnings for the September quarter were largely a mixed bag. Among key sectors, consumer-focused companies were aided by restocking post goods and services tax (GST) roll out and an early festival season, but index heavy-weight banks lagged, impacted by higher-than-expected provisioning.
Sluggish Economy Forces L&T to Dim FY18 order Flow Guidance
Gold Silver Reports – In anticipation of strong results for the September quarter, Larsen and Toubro Ltd’s (L&T’s) stock closed 4% higher on Friday. The Street was not wrong, and the diversified conglomerate’s operating performance easily beat estimates.
Fear of Revenue Loss Abates as GST Collections Gain Momentum
Gold Silver Reports – Fear of revenue loss abates as GST collections gain momentum – The initial revenue shock following the rollout of the goods and services tax (GST) seems to have abated, with states steadily improving collections aided by relaxations in deadline, waiver of late payment fee and steps to encourage compliance, showed data from the GST Council.
Sanitaryware, Tile Stocks Gain on Likely GST Rate Cut
Gold Silver Reports – SLAB RATE for tiles and sanitaryware is currently 28% and the industry has petitioned the govt to lower it to 18%; final outcome will be known after the GST Council meet
GST, It’s the Real Demonetiser
Gold Silver Reports – Exactly a year ago, post-independence India’s most ambitious and disruptive economic measure, demonetisation, was switched on. It’s also four months into the launch of the country’s most ambitious tax reform: the goods and services tax (GST).
Gold Discount Disappears as Market Turns Positive
Gold Silver Reports — Discounts on gold have disappeared as jewellers have started restocking the precious metal a month after introduction of 3% GST on gold, as market sentiment turns positive. A southward price movement of gold due to strengthening of the rupee against the dollar has also helped consumers take interest in the yellow metal.
FIIs go slow on Indian equities in July
Gold Silver Reports — Foreign institutional investors (FIIs) pumped around $388 million into Indian shares in July, the lowest since April, staying on the sidelines for signs of recovery in corporate earnings amid concerns over stretched valuations.
Gold Imports by India Said to More Than Double Ahead of New Tax
Gold Silver Reports — Gold imports by India, the world’s second-biggest user, more than doubled in June from a year earlier amid a rush by jewelers to build up inventories ahead of a tax change.