Monthly Archives: May 2019

Government likely to introduce electronic invoice system under GST

NEW DELHI:Top companies in the country may soon have to rely on a common goods and services tax portal to issue invoices to their customers. The government is looking to introduce an electronic invoice mechanism under GST, but could restrict it to large companies in the initial phase, said a government official privy to the […]

How to open a PPF account for your minor child

There is no age limit for opening a PPF account. In the case of a minor, the account is operated by a guardian until the account holder turns 18. 1. Who can open? A minor’s legal guardian or natural guardian (mother or father) who is a resident individual can open a PPF account on behalf […]

US starts process to ban work permits for spouses

The Trump administration has begun the process to ban work permits for spouses of H-1B visa holders, a move that would affect the families of thousands of Indian hi-tech workers in the US. The US government on May 22 issued a notice for the proposed rule-making that will kick in public consultations to ban the […]

BharatPe lines up loans for merchants

BENGALURU: Sequoia Capital-backed digital payments startup BharatPe has started extending small value, short duration loans to merchants by partnering with a few non-banking finance companies. It is also planning to apply for its own lending licence to lend to merchants who are accepting payments through BharatPe QR codes, showing consistent transactions on the platform for […]

Single authority for sanctioning, processing GST refunds likely by August

A single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for exporters, an official said. The current mechanism entails a twin refund sanctioning authority of the central and state tax officers but that could well change by August when the […]