PVR LtdIt is expected GST tax rate will trickle down to 18%-20%, from the current effective tax rate of 22%-24%. The electrical goods maker reported a 36.27% increase in stand-alone net profit at Rs.145.58 crore for the quarter ended June. Dish TV reported a 24.6% drop in consolidated net profit at Rs.40.87 crore for the June quarter. Mumbai: The much-awaited Goods and Services Tax or GST is finally tabled in the Parliament, and is now closer to reality than ever. The country’s top carmaker’s June quarter profit rose 23%, as it benefited from lower material costs and a surge in income from activities other than its core business operations.

Source: Mint August 03, 2016 10:39 UTC